Vanguard Group Inc. Boosts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Vanguard Group Inc. lifted its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,778,473 shares of the transportation company's stock after acquiring an additional 491,966 shares during the quarter. Vanguard Group Inc. owned 3.94% of Canadian Pacific Kansas City worth $2,662,978,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CP. Allspring Global Investments Holdings LLC increased its holdings in shares of 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 acquiring an additional 2,532,519 shares during the period. National Bank of Canada FI boosted its position in Canadian Pacific Kansas City by 84.4% during the third 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 in the last quarter. Raymond James Financial Inc. purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $74,168,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Canadian Pacific Kansas City by 36.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company's stock worth $245,403,000 after purchasing an additional 769,202 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at about $63,179,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CP shares. Loop Capital downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Royal Bank of Canada lifted their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Citigroup increased their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Wells Fargo & Company dropped their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $94.95.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded down $2.24 during trading hours on Friday, hitting $69.31. The company's stock had a trading volume of 4,274,392 shares, compared to its average volume of 2,526,440. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $76.45 and a 200 day moving average of $77.42. Canadian Pacific Kansas City Limited has a 12-month low of $69.28 and a 12-month high of $89.26. The stock has a market cap of $64.72 billion, a PE ratio of 23.90, 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 posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating 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%. On average, sell-side analysts forecast 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. 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 0.76%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 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.