New York State Common Retirement Fund Boosts Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

New York State Common Retirement Fund raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 37.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 168,229 shares of the transportation company’s stock after purchasing an additional 46,171 shares during the period. New York State Common Retirement Fund’s holdings in Canadian Pacific Kansas City were worth $12,175,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CP. Addison Advisors LLC increased its position in Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $34,000. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $33,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $34,000. Finally, YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 1.4 %

Shares of Canadian Pacific Kansas City stock opened at $76.32 on Tuesday. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The stock has a market cap of $71.26 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. 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 fifty day moving average price of $76.07 and a 200 day moving average price of $78.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 18.62%.

Analysts Set New Price Targets

Several analysts have commented on CP shares. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Royal Bank of Canada lifted their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Stifel Nicolaus dropped their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research note on Wednesday, January 8th. Finally, Stephens upped their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.45.

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.