Fayez Sarofim & Co Raises Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Fayez Sarofim & Co lifted its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,779,943 shares of the transportation company's stock after acquiring an additional 427,781 shares during the quarter. Fayez Sarofim & Co owned 0.51% of Canadian Pacific Kansas City worth $350,820,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter worth about $2,602,000. Oak Family Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $262,000. Barclays PLC grew its stake in Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock worth $250,602,000 after buying an additional 81,111 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $249,000. Finally, Phraction Management LLC lifted its holdings in Canadian Pacific Kansas City by 53.6% during the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock worth $963,000 after buying an additional 4,641 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

CP has been the subject of a number of analyst reports. Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Jefferies Financial Group lowered their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Stephens boosted their price target on 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. Finally, Barclays cut their target price on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $91.33.

Canadian Pacific Kansas City Stock Down 0.8 %

Shares of NYSE:CP traded down $0.59 during trading on Friday, reaching $72.48. 2,528,403 shares of the stock were exchanged, compared to its average volume of 2,701,513. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72. The firm has a market cap of $67.42 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The stock has a fifty day moving average of $73.69 and a two-hundred day moving average of $75.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Research analysts anticipate 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 firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is 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.