Sun Sep 15 14:46:49 UTC 2024: ## DekaBank Increases Stake in Canadian Pacific Kansas City
**New York, NY – September 15, 2024** – DekaBank Deutsche Girozentrale has increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) by 8.1% in the second quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The German bank now owns 276,485 shares of the transportation company, valued at $21,633,000.
This move by DekaBank is part of a broader trend of institutional investors showing interest in CP. Other notable investors who acquired new positions in the company during the first and second quarters include LRI Investments LLC, Chris Bulman Inc, ORG Partners LLC, Tobam, and Ashton Thomas Private Wealth LLC. Overall, institutional investors now hold 72.20% of the company’s stock.
Canadian Pacific Kansas City Limited operates a transcontinental freight railway in North America, transporting various commodities including grain, coal, and merchandise freight. The company’s stock opened at $86.32 on Friday, with a market capitalization of $80.56 billion.
Analysts are generally positive about the company’s prospects. Nine analysts have rated the stock with a hold rating while twelve have assigned a buy rating, resulting in a consensus rating of “Moderate Buy” and a consensus price target of $96.36.
The company recently announced a quarterly dividend of $0.1373 per share, representing a $0.55 annualized dividend and a yield of 0.64%. This move highlights CP’s commitment to shareholder returns.
Despite the recent market volatility, Canadian Pacific Kansas City Limited continues to attract investor interest. The company’s strong performance, strategic focus on growth, and commitment to shareholder returns make it an attractive investment option in the transportation sector.
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