Baird Financial Group Inc. Purchases 395,275 Shares of Canadian Pacific Kansas City Limited $CP

Baird Financial Group Inc. lifted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 86.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 850,605 shares of the transportation company’s stock after purchasing an additional 395,275 shares during the period. Baird Financial Group Inc. owned about 0.09% of Canadian Pacific Kansas City worth $67,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 70.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company’s stock valued at $652,936,000 after purchasing an additional 3,842,866 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of 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 buying an additional 364,515 shares in the last quarter. Exencial Wealth Advisors LLC increased its position in Canadian Pacific Kansas City by 1.6% in the first quarter. Exencial Wealth Advisors LLC now owns 17,971 shares of the transportation company’s stock worth $1,262,000 after purchasing an additional 279 shares during the last quarter. ASR Vermogensbeheer N.V. purchased a new stake in Canadian Pacific Kansas City during the first quarter valued at $1,389,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Canadian Pacific Kansas City by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,185,195 shares of the transportation company’s stock worth $153,332,000 after acquiring an additional 54,581 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CP shares. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Royal Bank Of Canada decreased their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Finally, Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.69.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $73.94 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The stock has a 50-day moving average of $73.35 and a two-hundred day moving average of $76.34. The stock has a market cap of $66.35 billion, a P/E ratio of 22.54, a P/E/G ratio of 1.87 and a beta of 1.11.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the company earned $0.99 earnings per share. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS 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. Investors of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio (DPR) 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.