Allspring Global Investments Holdings LLC Raises Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Allspring Global Investments Holdings LLC lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 281.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,433,669 shares of the transportation company's stock after buying an additional 2,532,519 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.37% of Canadian Pacific Kansas City worth $252,912,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Grove Bank & Trust boosted its position in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after purchasing an additional 130 shares in the last quarter. Addison Advisors LLC boosted its position in Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after purchasing an additional 279 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City during the third quarter worth $34,000. Stonebridge Financial Group LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth $34,000. Finally, YANKCOM Partnership purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth $36,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CP. StockNews.com downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Barclays cut their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Royal Bank of Canada boosted their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, Bank of America cut their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.45.

Canadian Pacific Kansas City Trading Down 1.0 %

NYSE:CP traded down $0.75 on Friday, hitting $77.53. 1,443,172 shares of the stock were exchanged, compared to its average volume of 3,555,155. The stock has a market cap of $72.38 billion, a PE ratio of 26.73, a PEG ratio of 2.02 and a beta of 0.97. 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 fifty day moving average of $75.74 and a 200-day moving average of $78.66. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping 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%. As a group, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City's dividend payout ratio is presently 18.62%.

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.