APG Asset Management N.V. Boosts Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

APG Asset Management N.V. grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 459.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 506,700 shares of the transportation company's stock after purchasing an additional 416,155 shares during the period. APG Asset Management N.V. owned approximately 0.05% of Canadian Pacific Kansas City worth $35,412,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $33,000. Stonebridge Financial Group LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $34,000. YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth $36,000. Millstone Evans Group LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at $36,000. Finally, Curio Wealth LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at $39,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Up 0.2 %

Shares of Canadian Pacific Kansas City stock traded up $0.16 during trading on Monday, hitting $73.71. 804,074 shares of the stock traded hands, compared to its average volume of 3,490,937. 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 $88.31. The stock's fifty day simple moving average is $74.62 and its 200 day simple moving average is $76.19. The firm has a market cap of $68.82 billion, a P/E ratio of 25.42, 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 released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, equities analysts predict 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. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 17.93%.

Analyst Upgrades and Downgrades

CP has been the topic of a number of research reports. Loop Capital downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Citigroup decreased their price objective on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Stephens lifted their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Wolfe Research raised Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.75.

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.