Canadian Pacific Kansas City Limited (NYSE:CP) Stock Holdings Boosted by Choreo LLC

Choreo LLC lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,975 shares of the transportation company’s stock after acquiring an additional 368 shares during the period. Choreo LLC’s holdings in Canadian Pacific Kansas City were worth $631,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. YCG LLC grew its position in shares of Canadian Pacific Kansas City by 32.5% during the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after acquiring an additional 91,276 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Canadian Pacific Kansas City by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock worth $7,606,000 after purchasing an additional 12,748 shares during the period. Element Capital Management LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter worth about $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Canadian Pacific Kansas City by 5.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock worth $24,525,000 after purchasing an additional 14,557 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Canadian Pacific Kansas City by 26.3% in the fourth quarter. Jennison Associates LLC now owns 57,878 shares of the transportation company’s stock worth $4,577,000 after purchasing an additional 12,036 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

CP stock opened at $77.57 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The firm has a market capitalization of $72.34 billion, a PE ratio of 24.86, a P/E/G ratio of 2.29 and a beta of 0.94. The firm has a 50-day moving average of $86.66 and a two-hundred day moving average of $79.99.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is presently 17.63%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CP shares. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Evercore reduced their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Barclays upped their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, TD Securities downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.42.

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.