Bank of New York Mellon Corp Acquires 10,026 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Bank of New York Mellon Corp increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,033,968 shares of the transportation company's stock after buying an additional 10,026 shares during the period. Bank of New York Mellon Corp owned 0.11% of Canadian Pacific Kansas City worth $74,828,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Kestra Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $33,000. Addison Advisors LLC grew its stake in Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after buying an additional 279 shares in the last quarter. FSA Wealth Management LLC purchased a new position in Canadian Pacific Kansas City in the 3rd quarter worth approximately $34,000. Stonebridge Financial Group LLC bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth $34,000. Finally, YANKCOM Partnership purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at $36,000. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Stephens increased their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Stifel Nicolaus reduced their price objective on 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. Royal Bank of Canada boosted their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Loop Capital downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Two investment 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, the company currently has an average rating of "Moderate Buy" and an average target price of $95.45.

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Canadian Pacific Kansas City Trading Down 1.0 %

Shares of Canadian Pacific Kansas City stock traded down $0.81 during trading on Friday, reaching $77.58. 1,699,193 shares of the stock were exchanged, compared to its average volume of 2,930,450. The firm has a market cap of $72.43 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. The stock's fifty day moving average is $76.71 and its 200 day moving average is $78.51. 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 announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts' consensus estimates 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 research 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 business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend 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.