Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 375,980 shares of the transportation company's stock after purchasing an additional 6,826 shares during the period. Canadian Pacific Kansas City makes up 1.5% of Cramer Rosenthal Mcglynn LLC's holdings, making the stock its 24th biggest holding. Cramer Rosenthal Mcglynn LLC's holdings in Canadian Pacific Kansas City were worth $27,210,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

CP has been the subject of a number of recent research reports. StockNews.com downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Wednesday, December 25th. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Barclays dropped their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $91.16.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded up $0.24 during mid-day trading on Wednesday, reaching $73.09. 1,759,089 shares of the company's stock were exchanged, compared to its average volume of 2,709,496. The business's fifty day simple moving average is $74.01 and its 200-day simple moving average is $75.75. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $88.31. The stock has a market capitalization of $67.99 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. 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 (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is presently 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.