Adage Capital Partners GP L.L.C. Has $90.99 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Adage Capital Partners GP L.L.C. boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 205.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,257,338 shares of the transportation company's stock after purchasing an additional 845,747 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.13% of Canadian Pacific Kansas City worth $90,994,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CP. Vanguard Group Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company's stock worth $2,662,978,000 after purchasing an additional 491,966 shares during the last quarter. Causeway Capital Management LLC raised its position in shares of Canadian Pacific Kansas City by 76.5% in the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock valued at $1,116,632,000 after purchasing an additional 6,687,770 shares in the last quarter. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $914,090,000. Invesco Ltd. boosted its stake in shares of Canadian Pacific Kansas City by 25.7% during the 4th quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock valued at $770,526,000 after buying an additional 2,177,604 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Canadian Pacific Kansas City by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock worth $750,046,000 after purchasing an additional 381,594 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Barclays dropped their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Citigroup dropped their price objective on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Finally, Susquehanna decreased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating for the company in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus price target of $91.33.

Canadian Pacific Kansas City Trading Down 1.0 %

CP stock traded down $0.69 during midday trading on Monday, reaching $71.79. The stock had a trading volume of 3,580,406 shares, compared to its average volume of 2,708,962. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The business has a fifty day simple moving average of $73.69 and a two-hundred day simple moving average of $75.54. 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 firm has a market cap of $66.78 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.00 and a beta of 1.01.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping 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%. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS 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 paid a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.73%. Canadian Pacific Kansas City's payout ratio is currently 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.