Canadian Pacific Kansas City Limited (NYSE:CP) Stake Boosted by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 72.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,425,248 shares of the transportation company's stock after purchasing an additional 597,144 shares during the period. Canadian Pacific Kansas City accounts for approximately 3.7% of Mufg Securities Canada LTD.'s holdings, making the stock its 9th biggest holding. Mufg Securities Canada LTD. owned 0.15% of Canadian Pacific Kansas City worth $103,128,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CP. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City in the third quarter worth $34,000. Kestra Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $33,000. Stonebridge Financial Group LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $34,000. YANKCOM Partnership bought a new position in Canadian Pacific Kansas City in the fourth quarter worth about $36,000. Finally, Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

CP stock traded down $2.24 during trading hours on Friday, hitting $69.31. 4,274,392 shares of the stock traded hands, compared to its average volume of 2,526,440. 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 50-day simple moving average of $76.45 and a 200 day simple moving average of $77.48. Canadian Pacific Kansas City Limited has a one year low of $69.28 and a one year high of $89.26. The company has a market cap of $64.72 billion, a P/E ratio of 23.90, a P/E/G ratio of 2.00 and a beta of 0.98.

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Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) 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%. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is 17.93%.

Analyst Ratings Changes

CP has been the topic of a number of research reports. Susquehanna cut their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a report on Thursday. Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price on the stock in a research note on Wednesday, January 8th. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Stephens increased their price objective 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. Finally, Barclays reduced their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $94.95.

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.