28,778 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Purchased by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,778 shares of the transportation company’s stock, valued at approximately $2,083,000.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in Canadian Pacific Kansas City by 18.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company’s stock worth $60,000 after purchasing an additional 133 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 13.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 150 shares in the last quarter. Wiser Advisor Group LLC lifted its position in Canadian Pacific Kansas City by 9.5% during the fourth quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company’s stock worth $125,000 after buying an additional 150 shares during the period. BKM Wealth Management LLC grew its stake in Canadian Pacific Kansas City by 2.2% during the fourth quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company’s stock worth $526,000 after buying an additional 158 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Canadian Pacific Kansas City by 12.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company’s stock worth $118,000 after acquiring an additional 175 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CP has been the topic of several analyst reports. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Barclays reduced their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research report on Wednesday. Royal Bank of Canada raised 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. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $94.95.

Canadian Pacific Kansas City Price Performance

CP stock opened at $71.59 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a market capitalization of $66.84 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.00 and a beta of 0.98. The firm has a 50 day moving average price of $76.56 and a 200-day moving average price of $77.64. 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 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%. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders 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 (DPR) is 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.