Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,800 shares of the transportation company’s stock after purchasing an additional 268 shares during the quarter. QRG Capital Management Inc.’s holdings in Canadian Pacific Kansas City were worth $926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CP. Pinnacle Bancorp Inc. lifted its stake in shares of Canadian Pacific Kansas City by 13.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock worth $90,000 after acquiring an additional 150 shares during the period. BKM Wealth Management LLC raised its holdings in Canadian Pacific Kansas City by 2.2% during the fourth quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company’s stock worth $526,000 after purchasing an additional 158 shares in the last quarter. Forte Capital LLC ADV lifted its position in Canadian Pacific Kansas City by 2.4% in the third quarter. Forte Capital LLC ADV now owns 7,415 shares of the transportation company’s stock valued at $634,000 after purchasing an additional 173 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Canadian Pacific Kansas City by 12.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company’s stock valued at $118,000 after purchasing an additional 175 shares in the last quarter. Finally, Kolinsky Wealth Management LLC increased its position in Canadian Pacific Kansas City by 3.9% during the 3rd quarter. Kolinsky Wealth Management LLC now owns 4,932 shares of the transportation company’s stock worth $422,000 after purchasing an additional 184 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 2.7 %

Shares of Canadian Pacific Kansas City stock opened at $75.80 on Tuesday. The business has a 50 day moving average price of $76.51 and a 200 day moving average price of $78.55. The company has a market capitalization of $70.77 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Wall Street Analyst Weigh In

CP has been the subject of several recent analyst reports. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Stephens raised their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Citigroup upped their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada raised their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Barclays decreased their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus 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.