Royal London Asset Management Ltd. Acquires 2,843 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Royal London Asset Management Ltd. boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.7% during the 4th quarter, Holdings Channel reports. The fund owned 432,212 shares of the transportation company’s stock after buying an additional 2,843 shares during the period. Royal London Asset Management Ltd.’s holdings in Canadian Pacific Kansas City were worth $31,279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after acquiring an additional 381,594 shares in 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 in the last quarter. Rothschild & Co Wealth Management UK Ltd boosted its holdings in shares of Canadian Pacific Kansas City by 1.7% in 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 buying an additional 85,542 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock valued at $373,540,000 after buying an additional 313,298 shares in the last quarter. Finally, Cantillon Capital Management LLC boosted its holdings in shares of 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 in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

CP opened at $73.50 on Friday. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $90.64. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $68.62 billion, a PE ratio of 25.34, a P/E/G ratio of 2.00 and a beta of 0.98. The firm has a 50 day moving average of $76.74 and a two-hundred day moving average of $78.02.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

Wall Street Analyst Weigh In

CP has been the topic of a number of recent analyst reports. Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. 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. Stifel Nicolaus lowered their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada raised their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Stephens raised their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Two 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 has an average rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City 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.