Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 510.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 731,491 shares of the transportation company’s stock after buying an additional 611,717 shares during the quarter. Marshall Wace LLP’s holdings in Canadian Pacific Kansas City were worth $52,938,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $33,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $34,000. YANKCOM Partnership purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $36,000. Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at $36,000. Finally, Curio Wealth LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth about $39,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $74.55 on Friday. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $88.31. 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 company has a market cap of $69.35 billion, a P/E ratio of 25.71, a P/E/G ratio of 2.00 and a beta of 1.01. The business’s 50 day moving average is $74.29 and its two-hundred day moving average is $75.99.

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 (EPS) for the quarter, topping 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%. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CP. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research report on Wednesday, January 8th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Citigroup reduced their price objective on Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Finally, Susquehanna lowered their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research note on Thursday, March 27th. Two research 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.75.

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.