Oppenheimer Asset Management Inc. Has $6.58 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Oppenheimer Asset Management Inc. increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,937 shares of the transportation company's stock after purchasing an additional 6,761 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Canadian Pacific Kansas City were worth $6,581,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its holdings in Canadian Pacific Kansas City by 12.0% in the third quarter. Assenagon Asset Management S.A. now owns 26,624 shares of the transportation company's stock worth $2,280,000 after purchasing an additional 2,862 shares during the period. First Trust Direct Indexing L.P. raised its stake in Canadian Pacific Kansas City by 23.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 13,571 shares of the transportation company's stock worth $1,161,000 after buying an additional 2,552 shares during the period. Van ECK Associates Corp lifted its holdings in Canadian Pacific Kansas City by 47.2% during the third quarter. Van ECK Associates Corp now owns 375,295 shares of the transportation company's stock worth $29,373,000 after acquiring an additional 120,280 shares in the last quarter. Intact Investment Management Inc. grew its stake in Canadian Pacific Kansas City by 37.3% in the third quarter. Intact Investment Management Inc. now owns 321,441 shares of the transportation company's stock valued at $27,494,000 after acquiring an additional 87,410 shares during the period. Finally, PDS Planning Inc grew its stake in Canadian Pacific Kansas City by 36.6% in the third quarter. PDS Planning Inc now owns 5,758 shares of the transportation company's stock valued at $493,000 after acquiring an additional 1,543 shares during the period. Institutional investors own 72.20% of the company's stock.

Remove Ads

Canadian Pacific Kansas City Stock Down 1.1 %

NYSE CP traded down $0.80 during trading hours on Tuesday, hitting $75.02. 2,089,402 shares of the company traded hands, compared to its average volume of 2,939,678. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The business's 50-day moving average is $76.51 and its 200-day moving average is $78.55. The stock has a market capitalization of $70.04 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 2.00 and a beta of 0.97. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate 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%. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed 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. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.93%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CP. Barclays cut their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Royal Bank of Canada lifted their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Susquehanna lowered their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating for the company in a research report on Wednesday, January 8th. Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company reduced their target price on shares of 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average target price of $95.45.

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.