Korea Investment CORP Has $49.62 Million Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Korea Investment CORP decreased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 26.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 685,624 shares of the transportation company’s stock after selling 241,157 shares during the quarter. Korea Investment CORP’s holdings in Canadian Pacific Kansas City were worth $49,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CP. Mendel Money Management acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $411,000. Financial Counselors Inc. grew its holdings in Canadian Pacific Kansas City by 15.4% during the fourth quarter. Financial Counselors Inc. now owns 185,670 shares of the transportation company’s stock valued at $13,437,000 after purchasing an additional 24,792 shares during the period. Mufg Securities Canada LTD. grew its holdings in Canadian Pacific Kansas City by 72.1% during the fourth quarter. Mufg Securities Canada LTD. now owns 1,425,248 shares of the transportation company’s stock valued at $103,128,000 after purchasing an additional 597,144 shares during the period. Morey & Quinn Wealth Partners LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth $423,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth $89,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research note on Wednesday. Wells Fargo & Company cut their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada increased their target price on 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. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.95.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $71.59 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business has a 50-day moving average of $76.56 and a 200-day moving average of $77.64. The stock 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. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $89.26.

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 for the quarter, beating analysts’ consensus estimates 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%. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.74%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

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.