Fayez Sarofim & Co Buys 427,781 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Fayez Sarofim & Co raised its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,779,943 shares of the transportation company's stock after buying an additional 427,781 shares during the quarter. Fayez Sarofim & Co owned 0.51% of Canadian Pacific Kansas City worth $350,820,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Canadian Pacific Kansas City by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company's stock valued at $2,662,978,000 after acquiring an additional 491,966 shares in the last quarter. Causeway Capital Management LLC raised its stake in Canadian Pacific Kansas City by 76.5% in the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock valued at $1,116,632,000 after purchasing an additional 6,687,770 shares in the last quarter. Norges Bank bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $914,090,000. Invesco Ltd. grew its stake in Canadian Pacific Kansas City by 25.7% during the fourth 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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 valued at $750,046,000 after buying an additional 381,594 shares during the period. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Up 0.2 %

Shares of CP stock traded up $0.11 during trading hours on Thursday, reaching $73.04. The company had a trading volume of 2,977,774 shares, compared to its average volume of 2,704,246. The business has a fifty day simple moving average of $73.92 and a 200-day simple moving average of $75.73. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The company has a market cap of $67.95 billion, a price-to-earnings ratio of 25.19, 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 posted its earnings results 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, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 17.93%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective for the company in a report on Wednesday, January 8th. Susquehanna reduced their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a research note on Thursday, March 27th. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Loop Capital downgraded Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. 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's stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and a consensus price target of $91.16.

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.