15,000 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Bought by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, Holdings Channel.com reports. The fund bought 15,000 shares of the transportation company’s stock, valued at approximately $1,086,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Van ECK Associates Corp increased its holdings in Canadian Pacific Kansas City by 47.2% in the 3rd quarter. Van ECK Associates Corp now owns 375,295 shares of the transportation company’s stock valued at $29,373,000 after buying an additional 120,280 shares during the period. Intact Investment Management Inc. increased its holdings in Canadian Pacific Kansas City by 37.3% in the 3rd quarter. Intact Investment Management Inc. now owns 321,441 shares of the transportation company’s stock valued at $27,494,000 after buying an additional 87,410 shares during the period. PDS Planning Inc increased its holdings in Canadian Pacific Kansas City by 36.6% in the 3rd quarter. PDS Planning Inc now owns 5,758 shares of the transportation company’s stock valued at $493,000 after buying an additional 1,543 shares during the period. Crestwood Advisors Group LLC bought a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at $227,000. Finally, Marks Group Wealth Management Inc increased its holdings in Canadian Pacific Kansas City by 5.0% in the 3rd quarter. Marks Group Wealth Management Inc now owns 86,427 shares of the transportation company’s stock valued at $7,393,000 after buying an additional 4,113 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 1.7 %

Shares of NYSE CP opened at $77.85 on Friday. The firm’s 50-day simple moving average is $76.46 and its 200 day simple moving average is $78.57. The company has a market cap of $72.69 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, research analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CP. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Barclays reduced their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Two investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

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.