Woodline Partners LP Raises Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Woodline Partners LP increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,037 shares of the transportation company's stock after purchasing an additional 16,388 shares during the period. Woodline Partners LP's holdings in Canadian Pacific Kansas City were worth $13,174,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $33,000. Stonebridge Financial Group LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $34,000. YANKCOM Partnership bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $36,000. Millstone Evans Group LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $36,000. Finally, Curio Wealth LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $39,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CP has been the topic of several analyst reports. Jefferies Financial Group cut their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada cut 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. Evercore ISI dropped their price objective on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, Argus set a $90.00 price objective on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Two equities 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $90.63.

Canadian Pacific Kansas City Stock Down 0.3%

Shares of CP stock traded down $0.27 during mid-day trading on Friday, hitting $80.13. The stock had a trading volume of 2,040,245 shares, compared to its average volume of 2,794,941. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The firm has a market capitalization of $74.56 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The firm's 50-day moving average is $74.00 and its two-hundred day moving average is $75.26. 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 issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. 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. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a $0.1644 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. This is a boost 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 is currently 21.28%.

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.