Russell Investments Group Ltd. Has $58.07 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Russell Investments Group Ltd. raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 16.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 732,453 shares of the transportation company's stock after acquiring an additional 105,413 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of Canadian Pacific Kansas City worth $58,065,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 15.6% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 14,803 shares of the transportation company's stock worth $1,102,000 after acquiring an additional 2,000 shares during the period. Valeo Financial Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 4.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company's stock valued at $265,000 after purchasing an additional 141 shares during the last quarter. PDS Planning Inc lifted its stake in shares of Canadian Pacific Kansas City by 6.1% in the 3rd quarter. PDS Planning Inc now owns 4,326 shares of the transportation company's stock worth $322,000 after purchasing an additional 248 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Canadian Pacific Kansas City by 0.3% in the third quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company's stock worth $3,802,000 after buying an additional 148 shares during the last quarter. Finally, Moreno Evelyn V grew its position in Canadian Pacific Kansas City by 100.9% during the third quarter. Moreno Evelyn V now owns 5,675 shares of the transportation company's stock valued at $422,000 after buying an additional 2,850 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CP. Barclays lifted their price target on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an "overweight" rating in a research note on Thursday, April 4th. Jefferies Financial Group initiated coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They set a "buy" rating and a $105.00 price target for the company. Susquehanna Bancshares downgraded Canadian Pacific Kansas City from a "positive" rating to a "neutral" rating and decreased their price objective for the stock from $90.00 to $87.00 in a research note on Monday, January 8th. StockNews.com raised Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research report on Wednesday, January 31st. Finally, Evercore ISI reduced their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an "outperform" rating for the company in a report on Thursday. Twelve analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $96.42.

Canadian Pacific Kansas City Trading Down 1.0 %

Shares of CP stock traded down $0.83 on Monday, reaching $80.85. 2,750,209 shares of the company's stock were exchanged, compared to its average volume of 2,116,052. The company's fifty day simple moving average is $87.04 and its 200 day simple moving average is $79.90. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $75.40 billion, a PE ratio of 25.91, a P/E/G ratio of 2.31 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.16 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City's dividend payout ratio is currently 17.95%.

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.