LPL Financial LLC Acquires 66,125 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

LPL Financial LLC boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 34.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 258,075 shares of the transportation company's stock after buying an additional 66,125 shares during the period. LPL Financial LLC's holdings in Canadian Pacific Kansas City were worth $18,677,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Canadian Pacific Kansas City by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock worth $750,046,000 after acquiring an additional 381,594 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Canadian Pacific Kansas City by 9.7% in the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock worth $501,219,000 after purchasing an additional 537,418 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd boosted its holdings in shares of Canadian Pacific Kansas City by 1.7% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company's stock worth $368,661,000 after purchasing an additional 85,542 shares during the period. Geode Capital Management LLC grew its position in Canadian Pacific Kansas City by 7.8% during the third quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company's stock valued at $373,540,000 after purchasing an additional 313,298 shares in the last quarter. Finally, Cantillon Capital Management LLC increased its stake in Canadian Pacific Kansas City by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 3,725,023 shares of the transportation company's stock valued at $269,580,000 after buying an additional 19,871 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

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Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded down $0.22 during trading hours on Friday, hitting $70.26. 6,834,637 shares of the company's stock were exchanged, compared to its average volume of 2,594,950. The company's 50-day moving average price is $75.73 and its 200-day moving average price is $76.94. Canadian Pacific Kansas City Limited has a 1-year low of $68.00 and a 1-year high of $89.26. The stock has a market capitalization of $65.60 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 2.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

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 EPS 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%. On average, sell-side analysts expect 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 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.75%. Canadian Pacific Kansas City's payout ratio is 17.93%.

Analysts Set New Price Targets

CP has been the topic of several research analyst reports. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. StockNews.com lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company dropped their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Two research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $94.68.

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.