Skandinaviska Enskilda Banken AB publ Has $8.99 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Skandinaviska Enskilda Banken AB publ grew its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,939 shares of the transportation company’s stock after buying an additional 290 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Canadian Pacific Kansas City were worth $8,991,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $33,000. FSA Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at approximately $34,000. Stonebridge Financial Group LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $34,000. YANKCOM Partnership bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $36,000. Finally, Spire Wealth Management bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $44,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 3.5 %

NYSE:CP opened at $75.27 on Friday. The firm’s fifty day moving average is $76.92 and its 200-day moving average is $78.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $90.64. The firm has a market cap of $70.28 billion, a P/E ratio of 25.96, a P/E/G ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.70%. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Stephens lifted their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Wednesday, January 8th. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

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.