Jennison Associates LLC Has $10.73 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Jennison Associates LLC increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 341.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,233 shares of the transportation company's stock after purchasing an additional 114,633 shares during the quarter. Jennison Associates LLC's holdings in Canadian Pacific Kansas City were worth $10,728,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CP. Oak Family Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $262,000. Golden State Equity Partners raised its stake in shares of Canadian Pacific Kansas City by 19,739.1% in the 4th quarter. Golden State Equity Partners now owns 4,563 shares of the transportation company's stock worth $330,000 after buying an additional 4,540 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $44,000. Capital Insight Partners LLC boosted its stake in Canadian Pacific Kansas City by 7.7% during the fourth quarter. Capital Insight Partners LLC now owns 40,557 shares of the transportation company's stock valued at $2,935,000 after buying an additional 2,899 shares in the last quarter. Finally, Independence Bank of Kentucky grew its holdings in Canadian Pacific Kansas City by 225.9% during the fourth quarter. Independence Bank of Kentucky now owns 8,554 shares of the transportation company's stock worth $619,000 after acquiring an additional 5,929 shares during the period. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

CP traded down $1.20 during trading on Friday, reaching $77.17. 2,391,141 shares of the company's stock were exchanged, compared to its average volume of 3,555,155. The company has a market capitalization of $72.04 billion, a P/E ratio of 26.61, a PEG ratio of 2.02 and a beta of 0.97. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $75.54 and a 200 day moving average price of $78.77. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released 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 return on equity of 8.86% and a net margin of 25.51%. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.4 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 paid a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City's dividend payout ratio is 18.62%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. 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. Stephens upped their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Wolfe Research upgraded 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 research report on Wednesday, January 8th. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $95.45.

Canadian Pacific Kansas City Company 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.