Sumitomo Mitsui Trust Holdings Inc. Has $175.18 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,215,485 shares of the transportation company’s stock after acquiring an additional 54,959 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.24% of Canadian Pacific Kansas City worth $175,182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers boosted its holdings in Canadian Pacific Kansas City by 3.4% during the first quarter. Cetera Investment Advisers now owns 16,828 shares of the transportation company’s stock valued at $1,389,000 after purchasing an additional 559 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Canadian Pacific Kansas City by 69.1% in the first quarter. Sequoia Financial Advisors LLC now owns 5,539 shares of the transportation company’s stock valued at $457,000 after acquiring an additional 2,263 shares during the period. Vanguard Group Inc. raised its stake in Canadian Pacific Kansas City by 2.4% during the first quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock worth $2,496,807,000 after acquiring an additional 695,215 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 5.1% during the first quarter. Baird Financial Group Inc. now owns 49,524 shares of the transportation company’s stock valued at $4,087,000 after acquiring an additional 2,417 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Canadian Pacific Kansas City by 116.4% in the 1st quarter. Brown Brothers Harriman & Co. now owns 14,274 shares of the transportation company’s stock valued at $1,178,000 after purchasing an additional 7,678 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CP. Barclays increased their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. TD Securities cut shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Jefferies Financial Group started coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a “buy” rating and a $105.00 price target on the stock. Bank of America raised their price target on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Susquehanna decreased their target price on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $95.29.

Canadian Pacific Kansas City Stock Down 0.6 %

Shares of Canadian Pacific Kansas City stock opened at $85.52 on Tuesday. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58. The business has a fifty day simple moving average of $87.17 and a 200 day simple moving average of $79.21. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The stock has a market cap of $79.76 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 2.20 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.21 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.1415 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.66%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.83%.

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.