State of Tennessee Department of Treasury Grows Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

State of Tennessee Department of Treasury boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 964,645 shares of the transportation company's stock after acquiring an additional 4,868 shares during the period. State of Tennessee Department of Treasury owned 0.10% of Canadian Pacific Kansas City worth $69,810,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CP. Proficio Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at $2,602,000. Oak Family Advisors LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $262,000. Barclays PLC boosted its stake in Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock worth $250,602,000 after acquiring an additional 81,111 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $249,000. Finally, Phraction Management LLC increased its stake in shares of Canadian Pacific Kansas City by 53.6% during the fourth quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock valued at $963,000 after purchasing an additional 4,641 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE CP traded down $0.59 on Friday, hitting $72.48. 2,528,403 shares of the company traded hands, compared to its average volume of 2,701,513. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The business's 50 day moving average price is $73.69 and its 200-day moving average price is $75.62. The company has a market capitalization of $67.42 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results 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 net margin of 25.51% and a return on equity of 8.86%. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.73%. Canadian Pacific Kansas City's payout ratio is 17.93%.

Analysts Set New Price Targets

Several analysts recently weighed in on CP shares. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group reduced their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Citigroup lowered their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Barclays decreased their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.33.

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.