Aviva PLC Acquires 179,313 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Aviva PLC lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 13.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,551,810 shares of the transportation company's stock after acquiring an additional 179,313 shares during the period. Aviva PLC owned approximately 0.17% of Canadian Pacific Kansas City worth $112,164,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $2,602,000. Oak Family Advisors LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $262,000. Barclays PLC grew its stake in shares of Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock valued at $250,602,000 after buying an additional 81,111 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Canadian Pacific Kansas City by 20.4% in the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company's stock worth $178,189,000 after buying an additional 352,534 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $249,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CP has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research note on Thursday, January 16th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Stephens boosted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, Susquehanna dropped their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating for the company in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $93.55.

Canadian Pacific Kansas City Stock Down 1.8 %

CP stock traded down $1.31 during midday trading on Thursday, hitting $71.87. The stock had a trading volume of 3,026,569 shares, compared to its average volume of 2,662,176. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm has a market cap of $67.10 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The business has a 50-day moving average of $74.76 and a two-hundred day moving average of $76.44. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $88.66.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results 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%. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.73%. Canadian Pacific Kansas City's dividend payout ratio is currently 17.93%.

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.