Swiss National Bank Reduces Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Swiss National Bank decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,028,593 shares of the transportation company’s stock after selling 90,400 shares during the quarter. Swiss National Bank owned 0.32% of Canadian Pacific Kansas City worth $240,071,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $481,016,000. Sustainable Growth Advisers LP boosted its stake in shares of Canadian Pacific Kansas City by 151.4% in the third quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company’s stock worth $583,917,000 after acquiring an additional 4,726,098 shares during the period. Causeway Capital Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter worth about $305,505,000. Toronto Dominion Bank raised its stake in Canadian Pacific Kansas City by 1,122.4% during the 3rd quarter. Toronto Dominion Bank now owns 3,398,403 shares of the transportation company’s stock valued at $252,875,000 after purchasing an additional 3,120,385 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd lifted its holdings in Canadian Pacific Kansas City by 100.5% in the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 4,766,995 shares of the transportation company’s stock worth $354,712,000 after purchasing an additional 2,390,030 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Up 0.2 %

NYSE CP traded up $0.17 during trading on Friday, hitting $79.73. The company’s stock had a trading volume of 2,007,481 shares, compared to its average volume of 2,151,980. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a market cap of $74.36 billion, a PE ratio of 25.55, a P/E/G ratio of 2.20 and a beta of 0.96. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. The business’s 50 day simple moving average is $86.52 and its 200-day simple moving average is $79.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. On average, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.15 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid 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 0.71%. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

Analyst Upgrades and Downgrades

CP has been the subject of a number of research reports. Raymond James increased their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Evercore ISI decreased their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Finally, Jefferies Financial Group assumed coverage on shares of Canadian Pacific Kansas City in a report on Monday, April 8th. They issued a “buy” rating and a $105.00 target price on the stock. Twelve analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $96.42.

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.