270,204 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Acquired by Coalescence Partners Investment Management LP

Coalescence Partners Investment Management LP acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 270,204 shares of the transportation company's stock, valued at approximately $19,555,000. Canadian Pacific Kansas City comprises about 7.4% of Coalescence Partners Investment Management LP's holdings, making the stock its 6th biggest holding.

Several other large investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its stake in Canadian Pacific Kansas City by 281.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock valued at $252,912,000 after acquiring an additional 2,532,519 shares during the period. National Bank of Canada FI raised its stake in Canadian Pacific Kansas City by 84.4% in the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company's stock valued at $251,778,000 after acquiring an additional 1,348,474 shares during the period. Raymond James Financial Inc. bought a new position in Canadian Pacific Kansas City during the 4th quarter worth $74,168,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Canadian Pacific Kansas City by 36.6% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company's stock worth $245,403,000 after buying an additional 769,202 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Canadian Pacific Kansas City during the 3rd quarter worth $63,179,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have weighed in on CP. StockNews.com cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Stifel Nicolaus lowered their price objective on 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. Citigroup increased their price objective on 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. Finally, Royal Bank of Canada increased 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $95.45.

Canadian Pacific Kansas City Price Performance

NYSE:CP traded down $0.70 during trading hours on Friday, hitting $77.69. The company's stock had a trading volume of 3,049,057 shares, compared to its average volume of 2,962,722. The stock has a fifty day simple moving average of $76.81 and a 200-day simple moving average of $78.48. The company has a market capitalization of $72.54 billion, a P/E ratio of 26.79, a PEG ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58.

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 for the quarter, beating the consensus estimate 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%. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is 17.93%.

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.