Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Gold Investment Management Ltd.

Gold Investment Management Ltd. lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,276 shares of the transportation company’s stock after purchasing an additional 750 shares during the quarter. Canadian Pacific Kansas City makes up about 2.4% of Gold Investment Management Ltd.’s holdings, making the stock its 5th biggest position. Gold Investment Management Ltd.’s holdings in Canadian Pacific Kansas City were worth $5,739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in Canadian Pacific Kansas City by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after purchasing an additional 381,594 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Canadian Pacific Kansas City by 9.7% in the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock valued at $501,219,000 after purchasing an additional 537,418 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its stake in shares of Canadian Pacific Kansas City by 1.7% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company’s stock worth $368,661,000 after buying an additional 85,542 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock worth $373,540,000 after buying an additional 313,298 shares during the period. Finally, Cantillon Capital Management LLC grew its stake in Canadian Pacific Kansas City by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 3,725,023 shares of the transportation company’s stock valued at $269,580,000 after buying an additional 19,871 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $75.27 on Monday. The stock’s fifty day simple moving average is $76.92 and its 200 day simple moving average is $78.19. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $90.64. The firm has a market cap of $70.28 billion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 2.00 and a beta of 0.98. 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 (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share 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%. On average, analysts expect 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 firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors 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 dividend on an annualized basis and a yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of research analyst reports. Stifel Nicolaus cut 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. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Royal Bank of Canada lifted their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Susquehanna cut their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.