Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 132.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 332,450 shares of the transportation company's stock after acquiring an additional 189,656 shares during the quarter. Duff & Phelps Investment Management Co.'s holdings in Canadian Pacific Kansas City were worth $24,059,000 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 business. Smartleaf Asset Management LLC lifted its position in shares of Canadian Pacific Kansas City by 18.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company's stock worth $60,000 after purchasing an additional 133 shares during the period. Pinnacle Bancorp Inc. lifted its holdings in Canadian Pacific Kansas City by 13.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company's stock worth $90,000 after buying an additional 150 shares during the period. Wiser Advisor Group LLC boosted its position in Canadian Pacific Kansas City by 9.5% during the 4th quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company's stock valued at $125,000 after acquiring an additional 150 shares in the last quarter. BKM Wealth Management LLC grew its stake in Canadian Pacific Kansas City by 2.2% in the fourth quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company's stock valued at $526,000 after purchasing an additional 158 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Canadian Pacific Kansas City by 12.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company's stock worth $118,000 after acquiring an additional 175 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

CP has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Barclays dropped their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Argus set a $90.00 price objective on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Stifel Nicolaus dropped their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research report on Thursday, January 16th. Finally, Stephens upped their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus price target of $94.95.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded up $0.31 during mid-day trading on Tuesday, hitting $70.52. The company had a trading volume of 734,567 shares, compared to its average volume of 2,523,966. The company's fifty day moving average is $76.36 and its 200-day moving average is $77.31. Canadian Pacific Kansas City Limited has a 12-month low of $68.00 and a 12-month high of $89.26. The company has a market capitalization of $65.84 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 2.00 and a beta of 0.98. 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 (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 (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%. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is 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.