Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC raised its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 16.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,540 shares of the transportation company's stock after buying an additional 4,300 shares during the quarter. NewEdge Advisors LLC's holdings in Canadian Pacific Kansas City were worth $2,210,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $914,090,000. Causeway Capital Management LLC increased its stake in shares of Canadian Pacific Kansas City by 76.5% during the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock worth $1,116,632,000 after purchasing an additional 6,687,770 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Canadian Pacific Kansas City by 281.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock worth $252,912,000 after acquiring an additional 2,532,519 shares in the last quarter. Invesco Ltd. boosted its holdings 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 worth $770,526,000 after buying an additional 2,177,604 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Canadian Pacific Kansas City by 27.2% in the fourth quarter. Geode Capital Management LLC now owns 5,511,465 shares of the transportation company's stock worth $404,849,000 after purchasing an additional 1,179,108 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Up 0.2 %

Shares of NYSE:CP traded up $0.11 on Thursday, reaching $73.04. 2,977,774 shares of the company traded hands, compared to its average volume of 2,704,246. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The business's 50-day simple moving average is $73.92 and its 200 day simple moving average is $75.73. The stock has a market capitalization of $67.95 billion, a P/E ratio of 25.19, a price-to-earnings-growth 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 analysts' consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. As a group, equities analysts anticipate 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 given a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.72%. Canadian Pacific Kansas City's payout ratio is presently 17.93%.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of recent research reports. Citigroup cut their target price on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. Susquehanna decreased 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, March 27th. Jefferies Financial Group cut their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Loop Capital downgraded Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.16.

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.