Canadian Pacific Kansas City Limited $CP Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2,982.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,694 shares of the transportation company’s stock after purchasing an additional 154,513 shares during the period. Prospera Financial Services Inc’s holdings in Canadian Pacific Kansas City were worth $12,659,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CP. Vanguard Group Inc. grew its position in Canadian Pacific Kansas City by 1.0% in the first quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company’s stock worth $2,606,624,000 after acquiring an additional 364,515 shares during the period. TD Asset Management Inc grew its stake in Canadian Pacific Kansas City by 0.7% during the 2nd quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock worth $1,665,106,000 after purchasing an additional 136,970 shares in the last quarter. Causeway Capital Management LLC increased its stake in shares of Canadian Pacific Kansas City by 11.5% during the first quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock worth $1,207,605,000 after buying an additional 1,778,984 shares during the period. Invesco Ltd. raised its holdings in shares of Canadian Pacific Kansas City by 59.5% in the 1st quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock valued at $1,192,471,000 after purchasing an additional 6,337,312 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Canadian Pacific Kansas City by 6.5% during the 1st quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company’s stock worth $1,147,220,000 after acquiring an additional 999,522 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CP has been the topic of several research analyst reports. Barclays set a $90.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Stephens increased their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.69.

Canadian Pacific Kansas City Trading Up 2.9%

Shares of Canadian Pacific Kansas City stock opened at $70.90 on Friday. The firm has a market cap of $63.84 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 1.98 and a beta of 1.08. The company’s 50-day simple moving average is $74.93 and its 200-day simple moving average is $76.82. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $83.65. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the company earned $0.99 earnings per share. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.228 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio is 20.12%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.