Canadian Pacific Kansas City Limited $CP Stock Position Raised by Quilter Plc

Quilter Plc increased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 915,756 shares of the transportation company’s stock after purchasing an additional 8,786 shares during the period. Quilter Plc owned about 0.10% of Canadian Pacific Kansas City worth $67,421,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC boosted its position in shares of Canadian Pacific Kansas City by 0.8% in the third quarter. Frank Rimerman Advisors LLC now owns 17,799 shares of the transportation company’s stock worth $1,326,000 after buying an additional 145 shares during the period. Cromwell Holdings LLC raised its position in Canadian Pacific Kansas City by 8.1% during the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after buying an additional 145 shares during the period. Brookstone Capital Management lifted its stake in Canadian Pacific Kansas City by 1.2% in the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock worth $1,057,000 after acquiring an additional 176 shares in the last quarter. Advisory Services Network LLC lifted its stake in Canadian Pacific Kansas City by 3.1% in the 3rd quarter. Advisory Services Network LLC now owns 6,764 shares of the transportation company’s stock worth $504,000 after acquiring an additional 204 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Canadian Pacific Kansas City by 1.0% during the 3rd quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock worth $1,507,000 after acquiring an additional 207 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CP shares. Citigroup dropped their target price on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Barclays dropped their price objective on shares of Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, March 27th. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Evercore decreased their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Finally, Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.82.

Canadian Pacific Kansas City Stock Down 0.0%

Shares of CP stock opened at $78.93 on Monday. The stock’s 50 day simple moving average is $81.18 and its 200 day simple moving average is $76.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $89.42. The company has a market capitalization of $70.82 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.68 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.74%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.