Pragma Gestao DE Patrimonio Ltd. Grows Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Pragma Gestao DE Patrimonio Ltd. raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 166.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the transportation company's stock after purchasing an additional 50,000 shares during the period. Canadian Pacific Kansas City accounts for about 3.2% of Pragma Gestao DE Patrimonio Ltd.'s holdings, making the stock its 11th largest holding. Pragma Gestao DE Patrimonio Ltd.'s holdings in Canadian Pacific Kansas City were worth $5,790,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $33,000. FSA Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter worth $34,000. Stonebridge Financial Group LLC bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $34,000. YANKCOM Partnership bought a new position in Canadian Pacific Kansas City in the 4th quarter worth about $36,000. Finally, Millstone Evans Group LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter valued at about $36,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CP shares. Stephens increased their price objective 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. Loop Capital cut shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Susquehanna cut their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating for the company in a report on Thursday. Finally, StockNews.com downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $94.95.

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Canadian Pacific Kansas City Price Performance

CP stock traded up $0.58 during midday trading on Monday, hitting $70.00. The company's stock had a trading volume of 1,516,277 shares, compared to its average volume of 3,139,010. 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 company has a 50 day moving average of $76.45 and a two-hundred day moving average of $77.42. Canadian Pacific Kansas City Limited has a 12 month low of $68.00 and a 12 month high of $89.26. The firm has a market capitalization of $65.36 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates 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 expect 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 given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.75%. Canadian Pacific Kansas City's dividend payout ratio is currently 17.93%.

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.