Barclays PLC Buys 61,318 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Barclays PLC lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,990,960 shares of the transportation company's stock after acquiring an additional 61,318 shares during the period. Barclays PLC owned approximately 0.32% of Canadian Pacific Kansas City worth $216,456,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $33,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $34,000. YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $36,000. Millstone Evans Group LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $36,000. Finally, Curio Wealth LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth about $39,000. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CP shares. Citigroup lowered their price objective on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Stephens boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Wolfe Research raised shares of 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 research note on Wednesday, January 8th. Finally, Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two investment 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.75.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded up $1.64 during trading hours on Friday, reaching $74.55. The company had a trading volume of 1,729,295 shares, compared to its average volume of 2,712,010. The business has a fifty day simple moving average of $74.21 and a 200 day simple moving average of $75.93. The firm has a market cap of $69.35 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $88.31.

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 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, analysts anticipate 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 company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is 17.93%.

About Canadian Pacific Kansas City

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.