Canadian Pacific Kansas City Limited (NYSE:CP) Holdings Raised by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 6.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 97,705 shares of the transportation company's stock after buying an additional 6,001 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Canadian Pacific Kansas City were worth $7,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CP. Allspring Global Investments Holdings LLC raised its stake in Canadian Pacific Kansas City by 281.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock valued at $252,912,000 after purchasing an additional 2,532,519 shares during the last quarter. National Bank of Canada FI raised its stake in Canadian Pacific Kansas City by 84.4% in the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company's stock valued at $251,778,000 after purchasing an additional 1,348,474 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $74,168,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Canadian Pacific Kansas City by 36.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company's stock valued at $245,403,000 after purchasing an additional 769,202 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $63,179,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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Canadian Pacific Kansas City Stock Down 0.9 %

NYSE CP traded down $0.70 on Friday, reaching $77.69. The company had a trading volume of 3,049,057 shares, compared to its average volume of 2,962,722. 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 firm has a market capitalization of $72.54 billion, a PE ratio of 26.79, a P/E/G ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. The firm has a 50-day moving average of $76.81 and a 200-day moving average of $78.48.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is presently 17.93%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price for the company in a research note on Wednesday, January 8th. 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. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Barclays dropped their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, Stephens upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.