Geode Capital Management LLC Has $373.54 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Geode Capital Management LLC boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 7.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,332,357 shares of the transportation company's stock after purchasing an additional 313,298 shares during the period. Geode Capital Management LLC owned 0.46% of Canadian Pacific Kansas City worth $373,540,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Grove Bank & Trust grew its stake in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock valued at $31,000 after purchasing an additional 130 shares during the last quarter. Addison Advisors LLC lifted its stake in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock valued at $34,000 after acquiring an additional 279 shares during the period. FSA Wealth Management LLC bought a new position in Canadian Pacific Kansas City in the third quarter valued at about $34,000. Chris Bulman Inc acquired a new stake in Canadian Pacific Kansas City in the second quarter worth about $35,000. Finally, Asset Dedication LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter worth about $38,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 0.4 %

Shares of NYSE:CP traded down $0.29 during trading on Friday, hitting $74.37. 2,985,968 shares of the company's stock traded hands, compared to its average volume of 2,284,968. 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 company has a 50-day moving average price of $77.48 and a 200-day moving average price of $79.89. Canadian Pacific Kansas City Limited has a 52 week low of $72.29 and a 52 week high of $91.58. The company has a market cap of $69.42 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.69 earnings per share. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.14 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's payout ratio is currently 20.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CP shares. Sanford C. Bernstein reduced their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating on the stock in a research note on Wednesday, October 9th. Evercore ISI raised their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research note on Wednesday, September 25th. Bank of America lowered their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Finally, Susquehanna raised Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and decreased their price objective for the stock from $94.00 to $92.00 in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.88.

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.