Pathstone Holdings LLC Acquires 16,329 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Pathstone Holdings LLC increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,090 shares of the transportation company's stock after purchasing an additional 16,329 shares during the period. Pathstone Holdings LLC's holdings in Canadian Pacific Kansas City were worth $19,192,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CP. Norges Bank acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $914,090,000. Causeway Capital Management LLC grew its stake in Canadian Pacific Kansas City by 76.5% in the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock valued at $1,116,632,000 after acquiring an additional 6,687,770 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Canadian Pacific Kansas City by 281.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock valued at $252,912,000 after acquiring an additional 2,532,519 shares during the period. Invesco Ltd. grew its stake 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 valued at $770,526,000 after acquiring an additional 2,177,604 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Canadian Pacific Kansas City by 11.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock valued at $899,805,000 after acquiring an additional 1,262,913 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 0.1%

CP traded up $0.10 on Friday, hitting $81.59. 2,900,416 shares of the company were exchanged, compared to its average volume of 2,802,466. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The company has a market cap of $75.92 billion, a PE ratio of 28.14, a PEG ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock's fifty day moving average is $73.33 and its 200-day moving average is $75.13.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Canadian Pacific Kansas City's revenue was up 8.0% on a year-over-year basis. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be paid a $0.1644 dividend. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 annualized dividend and a yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio is currently 21.28%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Loop Capital cut Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Royal Bank of Canada decreased their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Barclays reduced their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Finally, Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two 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's stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average target price of $90.63.

Canadian Pacific Kansas City Company 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.