Jones Financial Companies Lllp Grows Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Jones Financial Companies Lllp raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 34.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,886 shares of the transportation company's stock after acquiring an additional 6,173 shares during the quarter. Jones Financial Companies Lllp's holdings in Canadian Pacific Kansas City were worth $1,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock worth $750,046,000 after acquiring an additional 381,594 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Canadian Pacific Kansas City by 9.7% during the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock valued at $501,219,000 after buying an additional 537,418 shares in the last quarter. Fiera Capital Corp lifted its stake in shares of Canadian Pacific Kansas City by 1.9% during the 3rd quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company's stock valued at $497,918,000 after buying an additional 107,183 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its stake in shares of Canadian Pacific Kansas City by 1.7% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company's stock valued at $368,661,000 after buying an additional 85,542 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company's stock valued at $373,540,000 after buying an additional 313,298 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada lifted their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Stephens lifted their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Finally, Susquehanna reduced their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $95.45.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded down $0.70 during trading hours on Friday, reaching $77.69. The company's stock had a trading volume of 3,049,057 shares, compared to its average volume of 2,962,722. The firm has a 50 day moving average price of $76.81 and a 200-day moving average price of $78.48. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market cap of $72.54 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.00 and a beta of 0.98.

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 for the quarter, topping analysts' consensus estimates 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, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.68%. 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.