Principal Financial Group Inc. Has $45.82 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Principal Financial Group Inc. lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 70.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 652,944 shares of the transportation company's stock after selling 1,527,431 shares during the period. Principal Financial Group Inc. owned 0.07% of Canadian Pacific Kansas City worth $45,816,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $31,000. Millstone Evans Group LLC acquired a new stake in Canadian Pacific Kansas City during the fourth quarter worth $36,000. Curio Wealth LLC acquired a new stake in Canadian Pacific Kansas City during the fourth quarter worth $39,000. Curat Global LLC acquired a new stake in Canadian Pacific Kansas City during the first quarter worth $42,000. Finally, Parvin Asset Management LLC acquired a new stake in Canadian Pacific Kansas City during the fourth quarter worth $43,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 1.3%

Shares of Canadian Pacific Kansas City stock traded up $1.04 during trading on Thursday, hitting $82.43. 2,511,058 shares of the company were exchanged, compared to its average volume of 3,220,196. The firm has a market capitalization of $75.95 billion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 2.26 and a beta of 1.07. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72. The firm's fifty day moving average price is $79.64 and its 200 day moving average price is $76.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the business earned $0.93 EPS. Canadian Pacific Kansas City's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts expect 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. Investors of record on Friday, June 27th will be paid a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio is 22.30%.

Analyst Upgrades and Downgrades

CP has been the topic of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Royal Bank Of Canada reduced their target price 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. The Goldman Sachs Group restated a "neutral" rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Finally, 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $91.95.

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.