Pinnacle Financial Partners Inc Sells 196 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)
Pinnacle Financial Partners Inc cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 3.9% during the 4th quarter, Holdings Channel reports. The fund owned 4,886 shares of the transportation company’s stock after selling 196 shares during the period. Pinnacle Financial Partners Inc’s holdings in Canadian Pacific Kansas City were […] Pinnacle Financial Partners Inc sold 196 shares of Canadian Pacific Kansas City Limited (NYSE:CP) during the 4th quarter, cutting its holdings in the company by 3.9%. The fund owned 4,886 shares of the transportation company’s stock after selling 196 shares during the period. Pinnacle Financial Partner's holdings in Canadian Pacific were worth $387,000. Vanguard Group Inc. raised its position in shares of CP by 2.4% during the 1st quarter. Other institutional investors have also added to or reduced their stakes in the business. The company recently declared a quarterly dividend of $0.1415 per share.
Published : a month ago by Defense World Staff in Finance
Pinnacle Financial Partners Inc cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 3.9% during the 4th quarter, Holdings Channel reports. The fund owned 4,886 shares of the transportation company’s stock after selling 196 shares during the period. Pinnacle Financial Partners Inc’s holdings in Canadian Pacific Kansas City were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in shares of Canadian Pacific Kansas City by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 16,828 shares of the transportation company’s stock valued at $1,389,000 after purchasing an additional 559 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 69.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,539 shares of the transportation company’s stock valued at $457,000 after purchasing an additional 2,263 shares during the period. Vanguard Group Inc. raised its position in shares of Canadian Pacific Kansas City by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock valued at $2,496,807,000 after purchasing an additional 695,215 shares during the period. Baird Financial Group Inc. raised its position in shares of Canadian Pacific Kansas City by 5.1% during the 1st quarter. Baird Financial Group Inc. now owns 49,524 shares of the transportation company’s stock valued at $4,087,000 after purchasing an additional 2,417 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position in shares of Canadian Pacific Kansas City by 116.4% during the 1st quarter. Brown Brothers Harriman & Co. now owns 14,274 shares of the transportation company’s stock valued at $1,178,000 after purchasing an additional 7,678 shares during the period. 72.20% of the stock is currently owned by institutional investors.
Shares of NYSE:CP opened at $87.54 on Thursday. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The stock has a market capitalization of $81.63 billion, a P/E ratio of 27.88, a PEG ratio of 2.65 and a beta of 0.94. The firm has a fifty day simple moving average of $85.94 and a two-hundred day simple moving average of $78.53. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.65%. Canadian Pacific Kansas City’s payout ratio is currently 17.83%.
CP has been the topic of several recent analyst reports. TD Securities downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. JPMorgan Chase & Co. cut their target price on shares of Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, December 21st. Stifel Nicolaus raised their target price on shares of Canadian Pacific Kansas City from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. StockNews.com raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Susquehanna Bancshares cut shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and cut their target price for the company from $90.00 to $87.00 in a research note on Monday, January 8th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $92.88.
Check Out Our Latest Report on CP
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.
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Topics: Markets