Alberta Investment Management Corp Acquires 172,935 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Alberta Investment Management Corp increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,133,371 shares of the transportation company's stock after purchasing an additional 172,935 shares during the period. Canadian Pacific Kansas City makes up about 1.0% of Alberta Investment Management Corp's portfolio, making the stock its 11th biggest holding. Alberta Investment Management Corp owned approximately 0.23% of Canadian Pacific Kansas City worth $154,389,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CP. Tower View Wealth Management LLC increased its position in Canadian Pacific Kansas City by 0.3% during the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company's stock worth $4,410,000 after buying an additional 130 shares during the period. Pinnacle Bancorp Inc. grew its stake in shares of Canadian Pacific Kansas City by 13.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company's stock valued at $90,000 after acquiring an additional 150 shares in the last quarter. BKM Wealth Management LLC increased its position in Canadian Pacific Kansas City by 2.2% during the fourth quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company's stock worth $526,000 after acquiring an additional 158 shares during the period. Forte Capital LLC ADV raised its stake in Canadian Pacific Kansas City by 2.4% in the 3rd quarter. Forte Capital LLC ADV now owns 7,415 shares of the transportation company's stock worth $634,000 after purchasing an additional 173 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Canadian Pacific Kansas City by 12.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company's stock valued at $118,000 after purchasing an additional 175 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE:CP traded down $0.84 on Friday, hitting $77.32. The company had a trading volume of 2,331,916 shares, compared to its average volume of 3,045,131. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58. 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 stock has a market capitalization of $72.19 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 2.02 and a beta of 0.97. The firm has a 50 day moving average of $75.97 and a two-hundred day moving average of $78.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share 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%. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current 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 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is 18.62%.

Wall Street Analyst Weigh In

CP has been the topic of several recent research reports. Citigroup raised their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Bank of America lowered their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Susquehanna cut their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Finally, Loop Capital downgraded Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus price target 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.