Channing Global Advisors LLC Has $12.10 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Channing Global Advisors LLC boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,169 shares of the transportation company's stock after acquiring an additional 11,052 shares during the quarter. Canadian Pacific Kansas City accounts for about 8.1% of Channing Global Advisors LLC's investment portfolio, making the stock its 2nd biggest position. Channing Global Advisors LLC's holdings in Canadian Pacific Kansas City were worth $12,098,000 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 business. Allspring Global Investments Holdings LLC lifted its position in shares of Canadian Pacific Kansas City by 281.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock worth $252,912,000 after purchasing an additional 2,532,519 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Canadian Pacific Kansas City by 84.4% during the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company's stock worth $251,778,000 after purchasing an additional 1,348,474 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Canadian Pacific Kansas City by 36.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company's stock worth $245,403,000 after purchasing an additional 769,202 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Canadian Pacific Kansas City during the third quarter worth approximately $63,179,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Canadian Pacific Kansas City by 39.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company's stock worth $172,132,000 after purchasing an additional 565,783 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Down 1.0 %

NYSE:CP traded down $0.75 during trading hours on Friday, hitting $77.53. The stock had a trading volume of 1,443,172 shares, compared to its average volume of 3,555,155. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. 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 company has a market cap of $72.38 billion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 2.02 and a beta of 0.97. The business's 50 day moving average is $75.74 and its 200-day moving average is $78.66.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results 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 net margin of 25.51% and a return on equity of 8.86%. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.4 EPS 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 given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is 18.62%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CP shares. Citigroup upped their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Bank of America reduced their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Stifel Nicolaus reduced 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. Susquehanna cut their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Finally, Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average price target of $95.45.

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.