Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 52.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 555,503 shares of the transportation company's stock after purchasing an additional 191,957 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of Canadian Pacific Kansas City worth $40,224,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Canadian Pacific Kansas City by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company's stock worth $2,662,978,000 after purchasing an additional 491,966 shares in the last quarter. Causeway Capital Management LLC increased its position in Canadian Pacific Kansas City by 76.5% during the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock valued at $1,116,632,000 after buying an additional 6,687,770 shares in the last quarter. Norges Bank purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $914,090,000. Invesco Ltd. boosted its holdings in Canadian Pacific Kansas City by 25.7% in the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock worth $770,526,000 after acquiring an additional 2,177,604 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Canadian Pacific Kansas City by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock worth $750,046,000 after acquiring an additional 381,594 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CP has been the subject of a number of research reports. Evercore ISI lowered their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research report on Thursday. Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target for the company in a research report on Wednesday, January 8th. Argus set a $90.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Stifel Nicolaus decreased their target price on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Citigroup cut their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $91.25.

Canadian Pacific Kansas City Price Performance

NYSE:CP traded up $0.46 during trading hours on Thursday, reaching $72.93. 1,974,081 shares of the company traded hands, compared to its average volume of 3,428,078. 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 1-year low of $66.49 and a 1-year high of $87.72. The firm's 50-day moving average is $73.35 and its 200-day moving average is $75.43. The stock has a market cap of $67.84 billion, a P/E ratio of 25.15, a P/E/G ratio of 2.00 and a beta of 1.01.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data 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%. Equities research 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. Shareholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's payout ratio is 17.93%.

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.