Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Choate Investment Advisors

Choate Investment Advisors lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 78,749 shares of the transportation company’s stock after acquiring an additional 7,890 shares during the quarter. Choate Investment Advisors’ holdings in Canadian Pacific Kansas City were worth $5,699,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CP. JPMorgan Chase & Co. grew its position in Canadian Pacific Kansas City by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock valued at $750,046,000 after acquiring an additional 381,594 shares in the last quarter. Franklin Resources Inc. increased its stake in Canadian Pacific Kansas City by 9.7% during the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after buying an additional 537,418 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its holdings in Canadian Pacific Kansas City by 1.7% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company’s stock worth $368,661,000 after buying an additional 85,542 shares in the last quarter. Geode Capital Management LLC boosted its position in Canadian Pacific Kansas City by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock valued at $373,540,000 after buying an additional 313,298 shares during the period. Finally, Cantillon Capital Management LLC grew its stake in shares of Canadian Pacific Kansas City by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 3,725,023 shares of the transportation company’s stock worth $269,580,000 after acquiring an additional 19,871 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CP. Stifel Nicolaus decreased their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Citigroup boosted their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Stephens raised their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. Finally, Barclays decreased their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Price Performance

CP stock opened at $75.27 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $70.28 billion, a P/E ratio of 25.96, a PEG ratio of 2.00 and a beta of 0.98. The business has a 50 day simple moving average of $76.92 and a 200-day simple moving average of $78.22. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $90.64.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio 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.