Fisher Asset Management LLC Purchases 14,900 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Fisher Asset Management LLC grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,368,669 shares of the transportation company's stock after buying an additional 14,900 shares during the period. Fisher Asset Management LLC owned 0.15% of Canadian Pacific Kansas City worth $99,051,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $33,000. Addison Advisors LLC raised its holdings in Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after purchasing an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City during the third quarter worth approximately $34,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $34,000. Finally, YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CP shares. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Wells Fargo & Company dropped their price target on 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. Wolfe Research raised Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. Loop Capital downgraded Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Finally, Stifel Nicolaus lowered their target price 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. Two equities research 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.45.

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Canadian Pacific Kansas City Stock Up 3.6 %

Shares of Canadian Pacific Kansas City stock traded up $2.64 during trading hours on Wednesday, reaching $76.88. 2,670,736 shares of the company's stock were exchanged, compared to its average volume of 2,954,888. The company has a 50 day moving average of $76.60 and a two-hundred day moving average of $78.51. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. 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 market cap of $71.78 billion, a P/E ratio of 26.51, a P/E/G ratio of 2.00 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released 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 net margin of 25.51% and a return on equity of 8.86%. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is currently 17.93%.

Canadian Pacific Kansas City Company 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.