Canadian Pacific Kansas City Limited (NYSE:CP) is Triple Frond Partners LLC’s 9th Largest Position

Triple Frond Partners LLC boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 28.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404,369 shares of the transportation company’s stock after acquiring an additional 89,635 shares during the period. Canadian Pacific Kansas City comprises about 3.8% of Triple Frond Partners LLC’s portfolio, making the stock its 9th largest position. Triple Frond Partners LLC’s holdings in Canadian Pacific Kansas City were worth $29,264,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Canadian Pacific Kansas City by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock valued at $2,662,978,000 after purchasing an additional 491,966 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock valued at $750,046,000 after acquiring an additional 381,594 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Canadian Pacific Kansas City by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock valued at $501,219,000 after acquiring an additional 537,418 shares during the period. Rothschild & Co Wealth Management UK Ltd increased its holdings in shares of Canadian Pacific Kansas City by 1.7% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company’s stock valued at $368,661,000 after acquiring an additional 85,542 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock worth $373,540,000 after purchasing an additional 313,298 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

CP opened at $73.32 on Tuesday. 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 Limited has a 12-month low of $70.89 and a 12-month high of $89.26. The firm has a 50 day moving average of $76.68 and a two-hundred day moving average of $77.78. The firm has a market capitalization of $68.46 billion, a PE ratio of 25.28, a P/E/G ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping 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, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.72%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Barclays decreased their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, Susquehanna lowered their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.