Canadian Pacific Kansas City Limited (NYSE:CP) Stock Position Raised by Quilter Plc

Quilter Plc lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,203,968 shares of the transportation company’s stock after acquiring an additional 118,753 shares during the period. Canadian Pacific Kansas City accounts for approximately 1.7% of Quilter Plc’s holdings, making the stock its 22nd biggest position. Quilter Plc owned approximately 0.13% of Canadian Pacific Kansas City worth $87,062,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CP. JPMorgan Chase & Co. boosted its holdings in shares of Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after buying an additional 381,594 shares during the period. Franklin Resources Inc. grew its position in shares of Canadian Pacific Kansas City by 9.7% during the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after buying an additional 537,418 shares during the period. Fiera Capital Corp grew its holdings in Canadian Pacific Kansas City by 1.9% during the third quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company’s stock valued at $497,918,000 after purchasing an additional 107,183 shares during the period. Rothschild & Co Wealth Management UK Ltd grew its holdings in Canadian Pacific Kansas City by 1.7% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company’s stock valued at $368,661,000 after purchasing an additional 85,542 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 7.8% in the third quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock valued at $373,540,000 after buying an additional 313,298 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $77.17 on Monday. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a 50-day simple moving average of $75.54 and a 200-day simple moving average of $78.77. The stock has a market capitalization of $72.04 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 2.02 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 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%. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.4 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 18.62%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CP shares. Stifel Nicolaus decreased their price objective 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. Royal Bank of Canada lifted their price target on shares of 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. Susquehanna lowered their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Bank of America lowered their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Stephens lifted their target price 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.