Canadian Pacific Kansas City Limited (NYSE:CP) is Channing Global Advisors LLC’s 2nd Largest Position

Channing Global Advisors LLC lifted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 167,169 shares of the transportation company’s stock after purchasing an additional 11,052 shares during the quarter. Canadian Pacific Kansas City comprises 8.1% of Channing Global Advisors LLC’s holdings, making the stock its 2nd largest position. Channing Global Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $12,098,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Grove Bank & Trust raised its position in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 130 shares in the last quarter. Addison Advisors LLC raised its position in Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $34,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $34,000. Finally, YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $78.36 on Wednesday. The stock’s fifty day moving average is $75.63 and its two-hundred day moving average is $78.71. The firm has a market capitalization of $73.15 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97. 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 fifty-two week low of $70.89 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.62%.

Wall Street Analyst Weigh In

Several brokerages have commented on CP. Barclays dropped their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Citigroup raised their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Wells Fargo & Company dropped their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Finally, Stephens raised their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of $95.45.

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.