Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Advisory Services Network LLC

Advisory Services Network LLC lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 7,194 shares of the transportation company’s stock after purchasing an additional 152 shares during the quarter. Advisory Services Network LLC’s holdings in Canadian Pacific Kansas City were worth $521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently 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 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock worth $2,662,978,000 after acquiring an additional 491,966 shares in the last quarter. Norges Bank purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth $914,090,000. Invesco Ltd. grew its holdings in Canadian Pacific Kansas City by 25.7% in the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company’s stock valued at $770,526,000 after purchasing an additional 2,177,604 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Canadian Pacific Kansas City by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock valued at $750,046,000 after buying an additional 381,594 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in 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 last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.4 %

CP stock opened at $73.64 on Wednesday. The firm has a fifty day moving average price of $74.44 and a two-hundred day moving average price of $76.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $88.31. The firm has a market cap of $68.51 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.00 and a beta of 1.01.

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 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%. Research analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.72%. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

Analyst Ratings Changes

Several analysts have recently issued reports on CP shares. Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday. Citigroup cut their price objective on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Susquehanna decreased 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 report on Thursday, March 27th. Jefferies Financial Group cut their price target on Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Stephens raised their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Two research 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 data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $93.75.

Canadian Pacific Kansas City 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.