37,713 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Acquired by Cannell & Spears LLC

Cannell & Spears LLC acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,713 shares of the transportation company's stock, valued at approximately $2,729,000.

Other large investors have also recently made changes to their positions in the company. Summit Financial LLC raised its position in Canadian Pacific Kansas City by 9.1% during the fourth quarter. Summit Financial LLC now owns 5,514 shares of the transportation company's stock valued at $399,000 after purchasing an additional 462 shares during the period. Alliancebernstein L.P. lifted its position in Canadian Pacific Kansas City by 260.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,457,682 shares of the transportation company's stock worth $105,492,000 after buying an additional 1,053,570 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Canadian Pacific Kansas City by 7.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 62,551 shares of the transportation company's stock worth $4,766,000 after buying an additional 4,123 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Canadian Pacific Kansas City by 873.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 841,273 shares of the transportation company's stock valued at $60,856,000 after acquiring an additional 754,853 shares during the last quarter. Finally, Okabena Investment Services Inc. raised its stake in shares of Canadian Pacific Kansas City by 9.6% in the fourth quarter. Okabena Investment Services Inc. now owns 12,920 shares of the transportation company's stock valued at $935,000 after acquiring an additional 1,132 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Remove Ads

Canadian Pacific Kansas City Stock Down 0.3 %

NYSE CP traded down $0.22 on Friday, hitting $70.26. The stock had a trading volume of 6,834,637 shares, compared to its average volume of 2,594,950. Canadian Pacific Kansas City Limited has a 52-week low of $68.00 and a 52-week high of $89.26. The business's fifty day moving average price is $75.73 and its 200 day moving average price is $76.94. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market cap of $65.60 billion, a price-to-earnings ratio of 24.23, 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 results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating 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%. Equities research 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 business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders 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 yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is presently 17.93%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Susquehanna reduced their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a report on Thursday, March 27th. Stifel Nicolaus reduced their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research note on Thursday, January 16th. Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price for the company in a research note on Wednesday, January 8th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Finally, StockNews.com cut shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $94.68.

Canadian Pacific Kansas City 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.