Vanguard Group Inc. Purchases 491,966 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Vanguard Group Inc. raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 36,778,473 shares of the transportation company’s stock after buying an additional 491,966 shares during the period. Vanguard Group Inc.’s holdings in Canadian Pacific Kansas City were worth $2,662,978,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CP. LPL Financial LLC lifted its holdings in shares of Canadian Pacific Kansas City by 34.4% in the fourth quarter. LPL Financial LLC now owns 258,075 shares of the transportation company’s stock worth $18,677,000 after buying an additional 66,125 shares in the last quarter. Guardian Partners Inc. purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth $1,446,000. Hillsdale Investment Management Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 312.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 132,066 shares of the transportation company’s stock valued at $9,552,000 after purchasing an additional 100,071 shares during the last quarter. Sei Investments Co. grew its position in shares of Canadian Pacific Kansas City by 25.8% during the fourth quarter. Sei Investments Co. now owns 785,351 shares of the transportation company’s stock valued at $56,836,000 after purchasing an additional 161,109 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth about $36,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Down 1.2 %

Shares of CP opened at $72.38 on Wednesday. The firm has a fifty day moving average price of $76.64 and a 200-day moving average price of $77.71. 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 firm has a market capitalization of $67.58 billion, a P/E ratio of 24.96, a P/E/G ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (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%. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current 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 issued a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.73%. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CP. Stephens raised their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Citigroup raised their target price on shares of 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 decreased their price target on shares of 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. Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Finally, Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.