Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Minneapolis Portfolio Management Group LLC

Minneapolis Portfolio Management Group LLC raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.4% in the fourth quarter, HoldingsChannel reports. The fund owned 308,419 shares of the transportation company’s stock after purchasing an additional 7,135 shares during the period. Canadian Pacific Kansas City accounts for approximately 2.9% of Minneapolis Portfolio Management Group LLC’s investment portfolio, making the stock its 19th largest holding. Minneapolis Portfolio Management Group LLC’s holdings in Canadian Pacific Kansas City were worth $22,320,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. McCollum Christoferson Group LLC lifted its holdings in Canadian Pacific Kansas City by 1.3% in the fourth quarter. McCollum Christoferson Group LLC now owns 61,935 shares of the transportation company’s stock valued at $4,483,000 after acquiring an additional 785 shares during the period. Vanguard Group Inc. raised its stake in shares of Canadian Pacific Kansas City by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock worth $2,662,978,000 after buying an additional 491,966 shares during the period. LPL Financial LLC raised its stake in shares of Canadian Pacific Kansas City by 34.4% during the 4th quarter. LPL Financial LLC now owns 258,075 shares of the transportation company’s stock worth $18,677,000 after buying an additional 66,125 shares during the period. Guardian Partners Inc. acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $1,446,000. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Canadian Pacific Kansas City by 312.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 132,066 shares of the transportation company’s stock worth $9,552,000 after buying an additional 100,071 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CP shares. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Wednesday, January 8th. Citigroup upped their target price on 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. Stephens increased their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Susquehanna reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Two equities research 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’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Down 2.4 %

Shares of NYSE:CP opened at $71.83 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $76.69 and a two-hundred day moving average of $77.86. The stock has a market cap of $67.07 billion, a P/E ratio of 24.77, a PEG ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results 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%. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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. Stockholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

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.