Thornburg Investment Management Inc. Has $154.84 Million Holdings in Canadian Pacific Kansas City Limited $CP

Thornburg Investment Management Inc. lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,102,939 shares of the transportation company’s stock after selling 192,157 shares during the quarter. Canadian Pacific Kansas City accounts for 1.9% of Thornburg Investment Management Inc.’s holdings, making the stock its 14th biggest position. Thornburg Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $154,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gilpin Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $29,000. McMillan Office Inc. bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $31,000. Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the first quarter worth $35,000. Wealth Watch Advisors INC bought a new stake in shares of Canadian Pacific Kansas City in the third quarter worth $36,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $37,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CP shares. Susquehanna reissued a “positive” rating and issued a $104.00 price objective on shares of Canadian Pacific Kansas City in a research report on Friday, June 5th. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Barclays set a $99.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Scotiabank lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada cut their price objective on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $103.22.

Canadian Pacific Kansas City Trading Down 0.1%

Shares of Canadian Pacific Kansas City stock opened at $89.99 on Monday. The company has a market capitalization of $79.84 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.93 and a beta of 1.09. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $91.50. The firm’s 50-day moving average price is $85.52 and its two-hundred day moving average price is $80.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.06 EPS. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a $0.268 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.68%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.