Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. raised its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,215,485 shares of the transportation company's stock after purchasing an additional 54,959 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.24% of Canadian Pacific Kansas City worth $175,182,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ingalls & Snyder LLC increased its position in shares of Canadian Pacific Kansas City by 9.5% during the fourth quarter. Ingalls & Snyder LLC now owns 17,617 shares of the transportation company's stock worth $1,393,000 after acquiring an additional 1,534 shares during the period. YCG LLC increased its position in shares of Canadian Pacific Kansas City by 32.5% during the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company's stock worth $29,444,000 after acquiring an additional 91,276 shares during the period. Lawson Kroeker Investment Management Inc. NE increased its position in shares of Canadian Pacific Kansas City by 0.3% during the fourth quarter. Lawson Kroeker Investment Management Inc. NE now owns 100,713 shares of the transportation company's stock worth $7,962,000 after acquiring an additional 292 shares during the period. Janiczek Wealth Management LLC increased its position in shares of Canadian Pacific Kansas City by 47.1% during the fourth quarter. Janiczek Wealth Management LLC now owns 2,244 shares of the transportation company's stock worth $177,000 after acquiring an additional 719 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Canadian Pacific Kansas City by 25.8% during the fourth quarter. Cerity Partners LLC now owns 39,053 shares of the transportation company's stock worth $3,087,000 after acquiring an additional 8,002 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 1.5 %

Shares of CP traded down $1.25 during midday trading on Tuesday, hitting $84.27. 1,619,971 shares of the stock were exchanged, compared to its average volume of 2,049,311. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58. The stock has a fifty day simple moving average of $87.17 and a 200 day simple moving average of $79.21. The firm has a market cap of $78.59 billion, a P/E ratio of 27.24, a P/E/G ratio of 2.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.21 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a $0.1415 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a yield of 0.67%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 17.83%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CP. Bank of America increased their price objective on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. reduced their target price on Canadian Pacific Kansas City from $121.00 to $116.00 and set an "overweight" rating on the stock in a research report on Thursday, December 21st. Susquehanna Bancshares lowered Canadian Pacific Kansas City from a "positive" rating to a "neutral" rating and reduced their target price for the company from $90.00 to $87.00 in a research report on Monday, January 8th. Jefferies Financial Group started coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a "buy" rating and a $105.00 target price on the stock. Finally, Susquehanna reduced their target price on Canadian Pacific Kansas City from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, March 28th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Hold" and a consensus target price of $95.29.

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.