Canadian Pacific Kansas City Limited (NYSE:CP) Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 27.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,511,465 shares of the transportation company's stock after buying an additional 1,179,108 shares during the quarter. Geode Capital Management LLC owned 0.59% of Canadian Pacific Kansas City worth $404,849,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. 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 purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $34,000. YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at about $36,000. Millstone Evans Group LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $36,000. Finally, Curio Wealth LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $2.61 during midday trading on Thursday, reaching $70.58. 1,652,811 shares of the company were exchanged, compared to its average volume of 3,441,859. The company has a market capitalization of $65.90 billion, a price-to-earnings ratio of 24.37, 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. The firm's 50-day simple moving average is $74.76 and its 200-day simple moving average is $76.44. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $88.34.

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, 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 year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.75%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.93%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CP shares. Citigroup decreased their price target 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. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. StockNews.com cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Finally, Wolfe Research upgraded shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $93.55.

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.