Allianz SE Buys New Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Allianz SE purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, HoldingsChannel reports. The firm purchased 6,391 shares of the transportation company’s stock, valued at approximately $463,000.

Several other institutional investors and hedge funds have also bought and sold shares of CP. Ramirez Asset Management Inc. purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth $2,083,000. Duff & Phelps Investment Management Co. boosted its holdings in shares of Canadian Pacific Kansas City by 132.8% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 332,450 shares of the transportation company’s stock worth $24,059,000 after purchasing an additional 189,656 shares during the last quarter. Norges Bank acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $914,090,000. Pragma Gestao DE Patrimonio Ltd. grew its holdings in shares of Canadian Pacific Kansas City by 166.7% in the fourth quarter. Pragma Gestao DE Patrimonio Ltd. now owns 80,000 shares of the transportation company’s stock valued at $5,790,000 after purchasing an additional 50,000 shares during the period. Finally, NEOS Investment Management LLC raised its position in shares of Canadian Pacific Kansas City by 80.1% during the 4th quarter. NEOS Investment Management LLC now owns 6,911 shares of the transportation company’s stock valued at $500,000 after buying an additional 3,074 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $69.31 on Monday. Canadian Pacific Kansas City Limited has a 52 week low of $69.25 and a 52 week high of $89.26. 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 $64.72 billion, a P/E ratio of 23.90, a PEG ratio of 2.00 and a beta of 0.98. The firm’s 50 day moving average is $76.45 and its two-hundred day moving average is $77.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share 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%. Analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CP shares. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research report on Wednesday, January 8th. Royal Bank of Canada upped their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Wells Fargo & Company cut their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, Susquehanna cut their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating on the stock in a report on Thursday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.95.

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.