Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 44.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,950,353 shares of the transportation company's stock after purchasing an additional 1,516,684 shares during the period. Canadian Pacific Kansas City makes up approximately 0.6% of Allspring Global Investments Holdings LLC's portfolio, making the stock its 26th biggest holding. Allspring Global Investments Holdings LLC owned approximately 0.53% of Canadian Pacific Kansas City worth $351,723,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $31,000. Millstone Evans Group LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Curio Wealth LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $39,000. Parvin Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $43,000. Finally, Curat Global LLC purchased a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 0.9%

CP stock traded down $0.68 during mid-day trading on Friday, hitting $78.32. 5,225,634 shares of the company were exchanged, compared to its average volume of 2,811,693. The company has a market capitalization of $72.17 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The firm has a fifty day simple moving average of $78.35 and a 200 day simple moving average of $76.07.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting 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 25.99% and a return on equity of 8.68%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a $0.1644 dividend. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a dividend yield of 0.84%. Canadian Pacific Kansas City's payout ratio is 17.91%.

Analysts Set New Price Targets

CP has been the topic of a number of research reports. Evercore ISI cut their target price on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Susquehanna reaffirmed a "positive" rating and set a $94.00 price target (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 24th. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Finally, Royal Bank Of Canada dropped their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.95.

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.