Sei Investments Co. Boosts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)
Sei Investments Co. lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) (TSE:CP) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 667,2 Sei Investments Co. increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) by 1.9% in the fourth quarter. The institutional investor now owns 667,246 shares of the transportation company's stock after buying an additional 12,323 shares during the quarter. Sei Investments held approximately 0.07% of the company, worth $52,752,000 at the end of the year. Other hedge funds and other institutional investors have also recently bought and sold shares. The company recently disclosed a quarterly dividend of $0.141 per share.
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Sei Investments Co. lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 667,246 shares of the transportation company's stock after buying an additional 12,323 shares during the quarter. Sei Investments Co. owned approximately 0.07% of Canadian Pacific Kansas City worth $52,752,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commerce Bank lifted its position in Canadian Pacific Kansas City by 0.3% during the fourth quarter. Commerce Bank now owns 55,566 shares of the transportation company's stock valued at $4,393,000 after buying an additional 144 shares in the last quarter. Accretive Wealth Partners LLC raised its position in shares of Canadian Pacific Kansas City by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company's stock valued at $753,000 after acquiring an additional 145 shares in the last quarter. Claret Asset Management Corp grew its position in shares of Canadian Pacific Kansas City by 0.7% during the 3rd quarter. Claret Asset Management Corp now owns 24,245 shares of the transportation company's stock valued at $1,803,000 after buying an additional 162 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in shares of Canadian Pacific Kansas City by 1.5% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 12,319 shares of the transportation company's stock worth $974,000 after purchasing an additional 182 shares during the period. Finally, Evergreen Capital Management LLC increased its position in Canadian Pacific Kansas City by 3.2% in the third quarter. Evergreen Capital Management LLC now owns 6,362 shares of the transportation company's stock worth $474,000 after buying an additional 195 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:CP opened at $76.74 on Tuesday. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The company has a market capitalization of $71.58 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 2.19 and a beta of 0.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. The stock has a fifty day moving average of $82.06 and a 200-day moving average of $81.70.
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Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City's payout ratio is presently 17.95%.
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A number of research analysts have issued reports on CP shares. Wells Fargo & Company assumed coverage on shares of Canadian Pacific Kansas City in a research note on Friday. They set an "overweight" rating and a $90.00 target price for the company. Evercore ISI decreased their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an "outperform" rating for the company in a report on Thursday, April 25th. Raymond James lifted their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an "outperform" rating in a research note on Monday, April 22nd. Stifel Nicolaus decreased their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a research note on Thursday, April 25th. Finally, Scotiabank reissued a "sector perform" rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $96.32.
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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