Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Heronetta Management L.P.

Heronetta Management L.P. lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,300 shares of the transportation company’s stock after buying an additional 2,000 shares during the period. Canadian Pacific Kansas City makes up about 4.1% of Heronetta Management L.P.’s holdings, making the stock its 9th biggest holding. Heronetta Management L.P.’s holdings in Canadian Pacific Kansas City were worth $6,318,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CP. Addison Advisors LLC increased its holdings in Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at $34,000. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $33,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $34,000. Finally, YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $76.88 on Thursday. The company’s fifty day moving average is $76.60 and its two-hundred day moving average is $78.51. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58. The company has a market cap of $71.78 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results 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 analysts expect 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 announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.93%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CP. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Citigroup upped their price objective on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Barclays decreased their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. 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 report on Thursday, January 30th. 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 equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City 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.