New York State Common Retirement Fund Has $28.77 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

New York State Common Retirement Fund lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 23.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 363,874 shares of the transportation company’s stock after acquiring an additional 69,000 shares during the period. New York State Common Retirement Fund’s holdings in Canadian Pacific Kansas City were worth $28,768,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CP. Capital Investment Advisors LLC bought a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $259,000. Ballast Advisors LLC increased its position in Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Ballast Advisors LLC now owns 9,341 shares of the transportation company’s stock worth $695,000 after buying an additional 254 shares during the period. Quaker Wealth Management LLC bought a new position in Canadian Pacific Kansas City in the 3rd quarter worth approximately $223,000. U.S. Capital Wealth Advisors LLC increased its position in Canadian Pacific Kansas City by 15.6% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 14,803 shares of the transportation company’s stock worth $1,102,000 after buying an additional 2,000 shares during the period. Finally, Valeo Financial Advisors LLC increased its position in Canadian Pacific Kansas City by 4.1% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock worth $265,000 after buying an additional 141 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Barclays lifted their price target on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Susquehanna Bancshares downgraded Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $87.00 in a research report on Monday, January 8th. Raymond James lifted their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.42.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $82.09 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a market cap of $76.56 billion, a P/E ratio of 26.31, a P/E/G ratio of 2.10 and a beta of 0.94. The business’s fifty day moving average is $87.11 and its two-hundred day moving average is $79.74. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.57% and a net margin of 28.27%. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

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.