Janus Henderson Group PLC Increases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Janus Henderson Group PLC grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 438,631 shares of the transportation company's stock after purchasing an additional 10,734 shares during the period. Janus Henderson Group PLC's holdings in Canadian Pacific Kansas City were worth $37,512,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CP. Grove Bank & Trust increased its stake in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after buying an additional 130 shares during the period. Addison Advisors LLC raised its stake in Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock valued at $34,000 after buying an additional 279 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter worth about $34,000. Chris Bulman Inc acquired a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $35,000. Finally, Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City during the third quarter worth approximately $38,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

CP has been the subject of a number of research reports. Citigroup reduced their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. Barclays boosted their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Sanford C. Bernstein reduced their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research note on Wednesday, October 9th. Finally, Bank of America lowered their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $94.88.

Canadian Pacific Kansas City Price Performance

CP stock traded down $1.05 during trading on Friday, hitting $75.31. The stock had a trading volume of 2,604,628 shares, compared to its average volume of 3,644,011. Canadian Pacific Kansas City Limited has a 1-year low of $72.22 and a 1-year high of $91.58. The stock has a market cap of $70.29 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company's 50 day moving average price is $78.30 and its two-hundred day moving average price is $80.03. 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 (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.59 billion. During the same period in the previous year, the company posted $0.69 EPS. The business's quarterly revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 19.64%.

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.