Rathbones Group PLC Purchases 158,563 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Rathbones Group PLC grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,395,281 shares of the transportation company’s stock after buying an additional 158,563 shares during the quarter. Rathbones Group PLC’s holdings in Canadian Pacific Kansas City were worth $100,976,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $33,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $34,000. YANKCOM Partnership bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $36,000. Millstone Evans Group LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth about $36,000. Finally, Curio Wealth LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $39,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CP. Royal Bank of Canada raised their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Stifel Nicolaus decreased their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Susquehanna lowered their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating on the stock in a research note on Thursday, March 27th. Finally, StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.68.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $70.26 on Monday. Canadian Pacific Kansas City Limited has a 12 month low of $68.00 and a 12 month high of $89.26. The stock has a market cap of $65.60 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company’s fifty day moving average price is $75.73 and its 200-day moving average price is $76.87. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

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 the consensus estimate 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%. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.75%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

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.