Canadian Pacific Kansas City Limited (NYSE:CP) Stock Holdings Increased by APG Asset Management N.V.

APG Asset Management N.V. grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 459.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 506,700 shares of the transportation company’s stock after acquiring an additional 416,155 shares during the quarter. APG Asset Management N.V. owned about 0.05% of Canadian Pacific Kansas City worth $35,412,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Benjamin Edwards Inc. bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $235,000. Kovitz Investment Group Partners LLC lifted its stake in shares of Canadian Pacific Kansas City by 74.6% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 10,432 shares of the transportation company’s stock worth $892,000 after acquiring an additional 4,458 shares during the period. EP Wealth Advisors LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $221,000. MML Investors Services LLC increased its stake in shares of Canadian Pacific Kansas City by 1.8% during the third quarter. MML Investors Services LLC now owns 137,428 shares of the transportation company’s stock valued at $11,756,000 after acquiring an additional 2,392 shares during the period. Finally, Groupama Asset Managment raised its holdings in Canadian Pacific Kansas City by 10.0% during the third quarter. Groupama Asset Managment now owns 756,134 shares of the transportation company’s stock worth $65,000 after purchasing an additional 68,487 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 2.1 %

NYSE:CP opened at $67.17 on Wednesday. The business’s fifty day moving average price is $75.01 and its 200 day moving average price is $76.54. The firm has a market capitalization of $62.71 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.00 and a beta of 1.01. 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 1-year low of $66.49 and a 1-year high of $89.26.

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 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, sell-side analysts forecast 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 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 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.93%.

Analyst Ratings Changes

A number of equities analysts have issued reports on CP shares. Royal Bank of Canada increased their price target 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. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Barclays dropped their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $94.22.

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.