Adage Capital Partners GP L.L.C. Boosts Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Adage Capital Partners GP L.L.C. grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 205.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,257,338 shares of the transportation company's stock after purchasing an additional 845,747 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.13% of Canadian Pacific Kansas City worth $90,994,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Mar Vista Investment Partners LLC raised its stake in shares of Canadian Pacific Kansas City by 5.7% during the fourth quarter. Mar Vista Investment Partners LLC now owns 74,399 shares of the transportation company's stock valued at $5,384,000 after acquiring an additional 4,029 shares in the last quarter. Freshford Capital Management LLC purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $17,182,000. MGO One Seven LLC raised its stake in Canadian Pacific Kansas City by 13.8% in the fourth quarter. MGO One Seven LLC now owns 10,029 shares of the transportation company's stock valued at $726,000 after buying an additional 1,220 shares during the last quarter. Dilation Capital Management LP purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $11,464,000. Finally, Hsbc Holdings PLC raised its stake in Canadian Pacific Kansas City by 52.8% in the fourth quarter. Hsbc Holdings PLC now owns 555,503 shares of the transportation company's stock valued at $40,224,000 after buying an additional 191,957 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of research analyst reports. Loop Capital cut Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Citigroup reduced their price objective on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Finally, Barclays reduced their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average target price of $91.33.

Canadian Pacific Kansas City Trading Down 0.4 %

CP traded down $0.29 on Tuesday, hitting $71.55. The company had a trading volume of 769,173 shares, compared to its average volume of 2,702,337. 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 cap of $66.56 billion, a P/E ratio of 24.66, a PEG ratio of 2.00 and a beta of 1.01. The company's fifty day moving average price is $73.56 and its 200 day moving average price is $75.47. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced 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 net margin of 25.51% and a return on equity of 8.86%. As a group, equities 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Friday, March 28th were paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, March 28th. Canadian Pacific Kansas City's payout ratio is 17.93%.

About Canadian Pacific Kansas City

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.