90,000 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Bought by Tribune Investment Group LP

Tribune Investment Group LP bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 90,000 shares of the transportation company's stock, valued at approximately $6,513,000. Canadian Pacific Kansas City comprises about 3.6% of Tribune Investment Group LP's investment portfolio, making the stock its 12th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $914,090,000. Causeway Capital Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 76.5% in the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock worth $1,116,632,000 after buying an additional 6,687,770 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Canadian Pacific Kansas City by 281.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock valued at $252,912,000 after buying an additional 2,532,519 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Canadian Pacific Kansas City by 25.7% in the 4th quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock worth $770,526,000 after buying an additional 2,177,604 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Canadian Pacific Kansas City by 27.2% during the 4th quarter. Geode Capital Management LLC now owns 5,511,465 shares of the transportation company's stock valued at $404,849,000 after buying an additional 1,179,108 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

CP has been the subject of a number of research analyst reports. Stephens lifted their target price 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. Argus set a $90.00 price objective on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Wells Fargo & Company reduced their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Susquehanna lowered their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a research note on Thursday, March 27th. Finally, Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $93.75.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded up $1.64 during midday trading on Friday, hitting $74.55. 1,729,295 shares of the company's stock were exchanged, compared to its average volume of 2,707,584. 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 stock has a market cap of $69.35 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $88.31. The firm's 50 day simple moving average is $74.29 and its 200 day simple moving average is $75.99.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate 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%. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current 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 issued a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, March 28th. 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.