Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 55,143 shares of the transportation company’s stock after purchasing an additional 390 shares during the period. Maryland State Retirement & Pension System’s holdings in Canadian Pacific Kansas City were worth $3,991,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CP. Proficio Capital Partners LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter worth about $2,602,000. Oak Family Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $262,000. Barclays PLC raised its stake in shares of Canadian Pacific Kansas City by 2.8% during the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after buying an additional 81,111 shares during the period. Toronto Dominion Bank lifted its position in shares of Canadian Pacific Kansas City by 20.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock valued at $178,189,000 after buying an additional 352,534 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $249,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CP shares. Wells Fargo & Company decreased their price objective on shares of 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. Stephens lifted 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. Stifel Nicolaus reduced their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Finally, Royal Bank of Canada increased their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Down 0.1 %

Shares of NYSE CP opened at $74.24 on Thursday. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $90.64. The company has a market capitalization of $69.31 billion, a P/E ratio of 25.60, a P/E/G ratio of 2.00 and a beta of 0.98. The company has a 50 day simple moving average of $76.80 and a 200-day simple moving average of $78.05. 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 (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating 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, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

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.