MML Investors Services LLC Has $11.76 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

MML Investors Services LLC lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,428 shares of the transportation company’s stock after acquiring an additional 2,392 shares during the quarter. MML Investors Services LLC’s holdings in Canadian Pacific Kansas City were worth $11,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. K2 Principal Fund L.P. bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $1,574,000. XTX Topco Ltd lifted its holdings in Canadian Pacific Kansas City by 138.0% in the 3rd quarter. XTX Topco Ltd now owns 21,279 shares of the transportation company’s stock worth $1,820,000 after purchasing an additional 12,338 shares during the last quarter. National Bank of Canada FI boosted its position in Canadian Pacific Kansas City by 84.4% during the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock worth $251,778,000 after purchasing an additional 1,348,474 shares during the period. EP Wealth Advisors LLC acquired a new position in Canadian Pacific Kansas City during the third quarter valued at approximately $221,000. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Canadian Pacific Kansas City by 74.6% in the third quarter. Kovitz Investment Group Partners LLC now owns 10,432 shares of the transportation company’s stock valued at $892,000 after purchasing an additional 4,458 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CP shares. StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Monday. Barclays upped their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their price objective for the stock from $94.00 to $92.00 in a research note on Thursday, October 24th. Sanford C. Bernstein decreased their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Finally, Bank of America lowered their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $94.88.

Canadian Pacific Kansas City Trading Up 0.0 %

Shares of CP stock opened at $75.61 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a fifty day moving average of $78.10 and a 200-day moving average of $80.00. Canadian Pacific Kansas City Limited has a 52-week low of $72.22 and a 52-week high of $91.58. The stock has a market cap of $70.57 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 2.24 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is 20.00%.

Canadian Pacific Kansas City Company Profile

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.