Duff & Phelps Investment Management Co. Has $24.06 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Duff & Phelps Investment Management Co. increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 132.8% during the 4th quarter, HoldingsChannel reports. The fund owned 332,450 shares of the transportation company’s stock after purchasing an additional 189,656 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Canadian Pacific Kansas City were worth $24,059,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CP. Vanguard Group Inc. boosted its stake in shares of Canadian Pacific Kansas City by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock valued at $2,662,978,000 after purchasing an additional 491,966 shares during the last quarter. Norges Bank acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $914,090,000. JPMorgan Chase & Co. boosted its stake in Canadian Pacific Kansas City by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock valued at $750,046,000 after acquiring an additional 381,594 shares during the last quarter. Franklin Resources Inc. grew its holdings in Canadian Pacific Kansas City by 9.7% during the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after acquiring an additional 537,418 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd raised its position in shares of Canadian Pacific Kansas City by 1.7% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company’s stock valued at $368,661,000 after acquiring an additional 85,542 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CP shares. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Royal Bank of Canada boosted their target price 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. Barclays cut their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Finally, Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.95.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $71.59 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $89.26. The company’s fifty day simple moving average is $76.56 and its 200-day simple moving average is $77.64. The firm has a market cap of $66.84 billion, a PE ratio of 24.68, a P/E/G ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.74%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

About Canadian Pacific Kansas City

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.