Sustainable Growth Advisers LP Has $636.52 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Sustainable Growth Advisers LP lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,795,392 shares of the transportation company’s stock after selling 248,320 shares during the quarter. Canadian Pacific Kansas City accounts for approximately 3.2% of Sustainable Growth Advisers LP’s investment portfolio, making the stock its 15th largest position. Sustainable Growth Advisers LP owned approximately 0.94% of Canadian Pacific Kansas City worth $636,523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in Canadian Pacific Kansas City by 281.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock valued at $252,912,000 after purchasing an additional 2,532,519 shares during the period. National Bank of Canada FI increased its position in Canadian Pacific Kansas City by 84.4% during the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock valued at $251,778,000 after purchasing an additional 1,348,474 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $74,168,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Canadian Pacific Kansas City by 36.6% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company’s stock worth $245,403,000 after buying an additional 769,202 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $63,179,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

CP has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Stephens raised their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Barclays cut their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Trading Up 1.4 %

Shares of Canadian Pacific Kansas City stock opened at $74.13 on Thursday. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. The firm has a market cap of $69.21 billion, a PE ratio of 25.56, a P/E/G ratio of 2.00 and a beta of 0.98. The stock has a fifty day moving average price of $76.91 and a 200-day moving average price of $78.34. 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 announced its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a $0.1318 dividend. 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 currently 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.