Allspring Global Investments Holdings LLC Raises Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Allspring Global Investments Holdings LLC raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 281.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,433,669 shares of the transportation company’s stock after acquiring an additional 2,532,519 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Canadian Pacific Kansas City were worth $252,912,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. S&CO Inc. lifted its stake in Canadian Pacific Kansas City by 183.3% in the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock valued at $1,454,000 after buying an additional 11,000 shares in the last quarter. Swiss National Bank raised its holdings in shares of Canadian Pacific Kansas City by 0.8% during the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock valued at $241,645,000 after acquiring an additional 23,000 shares during the last quarter. Oak Family Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $262,000. Barclays PLC boosted its stake in shares of Canadian Pacific Kansas City by 2.8% in the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after acquiring an additional 81,111 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Canadian Pacific Kansas City by 20.4% during the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock worth $178,189,000 after purchasing an additional 352,534 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.3 %

Shares of NYSE:CP opened at $78.36 on Wednesday. The business has a 50-day moving average price of $75.57 and a 200 day moving average price of $78.73. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58. 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 company has a market capitalization of $73.15 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.02 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.4 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 18.62%.

Wall Street Analyst Weigh In

CP has been the topic of a number of research reports. Susquehanna decreased their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Stephens boosted their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Stifel Nicolaus cut their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of $95.45.

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.