Financial Counselors Inc. Grows Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Financial Counselors Inc. increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,670 shares of the transportation company's stock after purchasing an additional 24,792 shares during the quarter. Financial Counselors Inc.'s holdings in Canadian Pacific Kansas City were worth $13,437,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CP. Thrivent Financial for Lutherans increased its holdings in Canadian Pacific Kansas City by 61.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 19,807 shares of the transportation company's stock valued at $1,694,000 after purchasing an additional 7,573 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Canadian Pacific Kansas City by 33.0% in the third quarter. Cerity Partners LLC now owns 81,567 shares of the transportation company's stock valued at $6,977,000 after buying an additional 20,220 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Canadian Pacific Kansas City by 20.6% in the 3rd quarter. Larson Financial Group LLC now owns 2,518 shares of the transportation company's stock valued at $215,000 after buying an additional 430 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Canadian Pacific Kansas City during the 3rd quarter worth about $530,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in Canadian Pacific Kansas City by 63.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,895 shares of the transportation company's stock valued at $248,000 after acquiring an additional 1,120 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CP. Citigroup increased their price target on shares of 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. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Wolfe Research raised Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective on the stock in a research report on Wednesday, January 8th. Stephens lifted their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada boosted their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $94.95.

Canadian Pacific Kansas City Stock Up 1.2 %

CP stock traded up $0.84 during midday trading on Monday, reaching $70.26. 3,611,062 shares of the company were exchanged, compared to its average volume of 2,530,762. The company 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 0.98. 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 Limited has a 1-year low of $68.00 and a 1-year high of $89.26. The stock's 50-day simple moving average is $76.36 and its 200 day simple moving average is $77.31.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 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 analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.75%. Canadian Pacific Kansas City's dividend payout ratio (DPR) 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.