Nuveen Asset Management LLC Increases Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Nuveen Asset Management LLC grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 873,673 shares of the transportation company's stock after buying an additional 48,498 shares during the quarter. Nuveen Asset Management LLC owned 0.09% of Canadian Pacific Kansas City worth $63,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Canadian Pacific Kansas City by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company's stock worth $2,662,978,000 after buying an additional 491,966 shares during the last quarter. Causeway Capital Management LLC grew its stake in shares of Canadian Pacific Kansas City by 76.5% in 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. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $914,090,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Canadian Pacific Kansas City by 11.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock valued at $899,805,000 after purchasing an additional 1,262,913 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Canadian Pacific Kansas City by 2.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 11,707,319 shares of the transportation company's stock valued at $848,794,000 after purchasing an additional 334,844 shares during the period. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CP shares. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Jefferies Financial Group dropped their price target on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Citigroup cut their price objective on 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. Susquehanna increased their target price on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a "positive" rating in a report on Thursday, May 1st. Finally, Royal Bank of Canada dropped their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Two 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.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.63.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded down $0.66 during trading hours on Thursday, reaching $80.36. 2,535,569 shares of the company traded hands, compared to its average volume of 2,813,573. The firm has a 50-day moving average price of $73.78 and a 200 day moving average price of $75.24. The company has a market cap of $74.77 billion, a P/E ratio of 27.71, a P/E/G ratio of 2.00 and a beta of 1.09. 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 Limited has a 12-month low of $66.49 and a 12-month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. The company had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 EPS. As a group, sell-side analysts predict 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 21.28%.

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.