Dimensional Fund Advisors LP Boosts Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Dimensional Fund Advisors LP grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 96.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 881,400 shares of the transportation company's stock after buying an additional 431,924 shares during the period. Dimensional Fund Advisors LP owned 0.09% of Canadian Pacific Kansas City worth $63,780,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth about $914,090,000. Causeway Capital Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 76.5% during the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock worth $1,116,632,000 after acquiring an additional 6,687,770 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Canadian Pacific Kansas City by 281.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock worth $252,912,000 after acquiring an additional 2,532,519 shares during the period. Invesco Ltd. grew its position in shares of Canadian Pacific Kansas City by 25.7% in the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock valued at $770,526,000 after purchasing an additional 2,177,604 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Canadian Pacific Kansas City by 27.2% during the fourth quarter. Geode Capital Management LLC now owns 5,511,465 shares of the transportation company's stock worth $404,849,000 after purchasing an additional 1,179,108 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Up 0.5 %

NYSE CP traded up $0.36 during trading hours on Wednesday, hitting $73.80. 339,124 shares of the company's stock were exchanged, compared to its average volume of 2,717,456. The firm has a market cap of $68.65 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 2.00 and a beta of 1.09. The stock has a 50-day simple moving average of $73.09 and a 200 day simple moving average of $75.18. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. 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 released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Canadian Pacific Kansas City's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 annualized dividend and a yield of 0.89%. Canadian Pacific Kansas City's dividend payout ratio is presently 21.28%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Stephens increased their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Wells Fargo & Company cut their target price 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, Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average price target of $90.71.

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.