Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 92,693 shares of the transportation company's stock after purchasing an additional 6,266 shares during the period. Marks Group Wealth Management Inc's holdings in Canadian Pacific Kansas City were worth $6,708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CP. National Bank of Canada FI grew its position in shares of Canadian Pacific Kansas City by 84.4% during the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company's stock valued at $251,778,000 after buying an additional 1,348,474 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Canadian Pacific Kansas City by 36.6% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company's stock valued at $245,403,000 after buying an additional 769,202 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $63,179,000. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Canadian Pacific Kansas City by 39.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company's stock valued at $172,132,000 after buying an additional 565,783 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Canadian Pacific Kansas City by 9.7% during the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock valued at $501,219,000 after buying an additional 537,418 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CP shares. Citigroup boosted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Wells Fargo & Company reduced their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada boosted their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price for the company in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating for the company in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.45.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP traded down $0.75 during trading on Friday, reaching $77.53. The company had a trading volume of 1,443,172 shares, compared to its average volume of 3,555,155. The firm's fifty day moving average is $75.74 and its 200 day moving average is $78.66. The firm has a market capitalization of $72.38 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating 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%. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.4 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is presently 18.62%.

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.