Alliancebernstein L.P. Buys 1,053,570 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Alliancebernstein L.P. raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 260.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,457,682 shares of the transportation company's stock after buying an additional 1,053,570 shares during the period. Alliancebernstein L.P. owned about 0.16% of Canadian Pacific Kansas City worth $105,492,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CP. Kestra Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $33,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $34,000. YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth approximately $36,000. Millstone Evans Group LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $36,000. Finally, Curio Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $39,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on CP. Stephens boosted their price target on 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. Susquehanna lowered their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a research note on Thursday, March 27th. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research note on Thursday, January 16th. Finally, Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus target price of $94.68.

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Canadian Pacific Kansas City Trading Down 3.6 %

Shares of CP traded down $2.56 during trading hours on Monday, reaching $67.64. The stock had a trading volume of 2,429,015 shares, compared to its average volume of 2,595,070. Canadian Pacific Kansas City Limited has a 52 week low of $67.10 and a 52 week high of $89.26. The firm has a 50-day moving average of $75.73 and a 200 day moving average of $76.87. The company has a market cap of $63.15 billion, a P/E ratio of 23.37, a P/E/G ratio of 2.00 and a beta of 1.01. 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 (NYSE:CP - Get Free Report) TSE: CP last released its quarterly 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%. On average, sell-side 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 declared 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 annualized dividend and a yield of 0.78%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 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.