Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Aviva PLC

Aviva PLC lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,551,810 shares of the transportation company’s stock after purchasing an additional 179,313 shares during the period. Aviva PLC’s holdings in Canadian Pacific Kansas City were worth $112,164,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CP. Vanguard Group Inc. increased its stake in 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 worth $2,662,978,000 after acquiring an additional 491,966 shares during the last quarter. Norges Bank purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $914,090,000. JPMorgan Chase & Co. lifted its position in Canadian Pacific Kansas City by 4.5% during 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. Franklin Resources Inc. grew its stake in Canadian Pacific Kansas City by 9.7% during the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after buying an additional 537,418 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Canadian Pacific Kansas City by 27.2% in the fourth quarter. Geode Capital Management LLC now owns 5,511,465 shares of the transportation company’s stock worth $404,849,000 after acquiring an additional 1,179,108 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CP shares. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Susquehanna lowered their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research report on Thursday, March 27th. Finally, Stephens lifted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $94.68.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $70.26 on Friday. The firm has a market cap of $65.60 billion, a P/E ratio of 24.23, a P/E/G ratio of 2.00 and a beta of 1.01. The firm has a fifty day moving average of $75.73 and a two-hundred day moving average of $77.00. 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 $68.00 and a 1-year high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate 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%. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

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

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.