Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by M&G Plc

M&G PLC increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,677 shares of the transportation company's stock after buying an additional 24,517 shares during the quarter. M&G PLC's holdings in Canadian Pacific Kansas City were worth $17,595,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Mirova US LLC acquired a new stake in Canadian Pacific Kansas City during the second quarter worth about $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Canadian Pacific Kansas City by 398.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company's stock valued at $165,419,000 after purchasing an additional 1,678,784 shares during the period. Cantillon Capital Management LLC grew its position in Canadian Pacific Kansas City by 49.1% during the first quarter. Cantillon Capital Management LLC now owns 3,567,692 shares of the transportation company's stock valued at $314,563,000 after buying an additional 1,174,200 shares during the period. Wulff Hansen & CO. grew its position in Canadian Pacific Kansas City by 8,261.4% during the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company's stock valued at $74,282,000 after buying an additional 932,216 shares during the period. Finally, AGF Management Ltd. raised its position in shares of Canadian Pacific Kansas City by 86.5% in the second quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company's stock worth $125,094,000 after acquiring an additional 735,816 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Down 1.6 %

CP stock traded down $1.23 during midday trading on Friday, hitting $77.58. The company's stock had a trading volume of 2,910,665 shares, compared to its average volume of 2,139,781. Canadian Pacific Kansas City Limited has a 52-week low of $69.08 and a 52-week high of $91.58. The firm has a market capitalization of $72.41 billion, a P/E ratio of 27.71, a PEG ratio of 2.32 and a beta of 0.98. 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 firm has a 50-day simple moving average of $82.18 and a 200-day simple moving average of $80.86.

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 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.14 dividend. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 19.64%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CP shares. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Barclays upped their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Stifel Nicolaus dropped their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a research note on Friday, October 11th. Citigroup upped their price objective on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Bank of America reduced their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $94.15.

About Canadian Pacific Kansas City

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.