Causeway Capital Management LLC Has $1.12 Billion Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Causeway Capital Management LLC raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 76.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,429,804 shares of the transportation company's stock after purchasing an additional 6,687,770 shares during the period. Canadian Pacific Kansas City accounts for approximately 25.4% of Causeway Capital Management LLC's investment portfolio, making the stock its biggest position. Causeway Capital Management LLC owned approximately 1.65% of Canadian Pacific Kansas City worth $1,116,632,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company's stock worth $2,662,978,000 after acquiring an additional 491,966 shares during the period. Norges Bank acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at $914,090,000. Invesco Ltd. increased its position in Canadian Pacific Kansas City by 25.7% during the 4th quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock worth $770,526,000 after buying an additional 2,177,604 shares during the period. JPMorgan Chase & Co. raised its stake in Canadian Pacific Kansas City by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock worth $750,046,000 after purchasing an additional 381,594 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Canadian Pacific Kansas City by 9.7% in the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock valued at $501,219,000 after buying an additional 537,418 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 2.2 %

Shares of NYSE:CP traded up $1.64 during trading on Friday, reaching $74.55. The stock had a trading volume of 1,729,295 shares, compared to its average volume of 2,707,584. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $88.31. The firm's fifty day moving average is $74.29 and its 200 day moving average is $75.99. The stock has a market cap of $69.35 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 2.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping 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%. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 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. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.71%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.93%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CP. Wolfe Research raised Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target for the company in a research note on Wednesday, January 8th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada upped 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. Finally, Barclays cut their target price on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $93.75.

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.