Canadian Pacific Kansas City Limited (NYSE:CP) Stock Position Lifted by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 964,645 shares of the transportation company’s stock after acquiring an additional 4,868 shares during the period. State of Tennessee Department of Treasury’s holdings in Canadian Pacific Kansas City were worth $69,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CP. Proficio Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City during 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 fourth quarter valued at approximately $262,000. Barclays PLC raised its holdings in Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after purchasing an additional 81,111 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth approximately $249,000. Finally, Phraction Management LLC boosted its stake in Canadian Pacific Kansas City by 53.6% during the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company’s stock valued at $963,000 after purchasing an additional 4,641 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the topic of a number of research reports. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Wednesday, January 8th. Susquehanna dropped their price target 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. Stifel Nicolaus reduced their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating for the company in a research report on Monday, April 14th. StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $93.75.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $74.55 on Monday. The stock has a market cap of $69.35 billion, a P/E ratio of 25.71, a P/E/G ratio of 2.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a 50 day simple moving average of $74.21 and a 200 day simple moving average of $75.83. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $88.31.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating 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 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. Stockholders 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 0.71%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 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.