State of Tennessee Department of Treasury Has $69.81 Million Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

State of Tennessee Department of Treasury increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 964,645 shares of the transportation company's stock after acquiring an additional 4,868 shares during the quarter. State of Tennessee Department of Treasury owned about 0.10% of Canadian Pacific Kansas City worth $69,810,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth about $33,000. Stonebridge Financial Group LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at $34,000. YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth $36,000. Millstone Evans Group LLC bought a new position in Canadian Pacific Kansas City in the 4th quarter worth about $36,000. Finally, Curio Wealth LLC bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $39,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 0.2 %

Shares of CP stock traded up $0.11 on Thursday, reaching $73.04. 2,977,774 shares of the company's stock traded hands, compared to its average volume of 2,704,246. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market capitalization of $67.95 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The business's 50 day moving average price is $73.92 and its two-hundred day moving average price is $75.73.

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

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is currently 17.93%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CP. Barclays dropped their target price on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. StockNews.com cut shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Loop Capital lowered shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Finally, Stifel Nicolaus cut their price target on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.16.

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.