Allianz Asset Management GmbH Acquires 58,709 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Allianz Asset Management GmbH lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 851,854 shares of the transportation company’s stock after acquiring an additional 58,709 shares during the period. Allianz Asset Management GmbH’s holdings in Canadian Pacific Kansas City were worth $61,647,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Addison Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC purchased a new position in Canadian Pacific Kansas City during the third quarter worth about $34,000. Kestra Investment Management LLC purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth about $33,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth about $34,000. Finally, YANKCOM Partnership purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth about $36,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $77.32 on Friday. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $72.19 billion, a PE ratio of 26.66, a P/E/G ratio of 2.00 and a beta of 0.97. The company’s 50 day simple moving average is $76.02 and its two-hundred day simple moving average is $78.59.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted 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%. Analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.62%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CP. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Wednesday, January 8th. Susquehanna reduced their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Finally, Citigroup increased their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.45.

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.