Allianz SE Invests $463,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

Allianz SE purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,391 shares of the transportation company's stock, valued at approximately $463,000.

Other hedge funds also recently modified their holdings of the company. Ramirez Asset Management Inc. acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at $2,083,000. Duff & Phelps Investment Management Co. raised its position in shares of Canadian Pacific Kansas City by 132.8% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 332,450 shares of the transportation company's stock valued at $24,059,000 after buying an additional 189,656 shares during the last quarter. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $914,090,000. Pragma Gestao DE Patrimonio Ltd. grew its position in Canadian Pacific Kansas City by 166.7% during the fourth quarter. Pragma Gestao DE Patrimonio Ltd. now owns 80,000 shares of the transportation company's stock worth $5,790,000 after buying an additional 50,000 shares in the last quarter. Finally, NEOS Investment Management LLC increased its stake in Canadian Pacific Kansas City by 80.1% during the fourth quarter. NEOS Investment Management LLC now owns 6,911 shares of the transportation company's stock valued at $500,000 after acquiring an additional 3,074 shares during the period. 72.20% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CP shares. Wolfe Research raised Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. Barclays dropped their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Wednesday. Stifel Nicolaus decreased their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research report on Thursday, January 16th. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Argus set a $90.00 price objective on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Two 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $94.68.

Canadian Pacific Kansas City Price Performance

NYSE:CP traded down $0.22 during mid-day trading on Friday, reaching $70.26. 6,834,637 shares of the company were exchanged, compared to its average volume of 2,589,296. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock has a market cap of $65.60 billion, a PE ratio of 24.23, a PEG ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 12 month low of $67.38 and a 12 month high of $89.26. The company has a fifty day moving average of $75.73 and a 200 day moving average of $77.00.

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 EPS for the quarter, beating the consensus estimate 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 anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.75%. Canadian Pacific Kansas City's payout ratio is currently 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.