Freshford Capital Management LLC Purchases Shares of 237,422 Canadian Pacific Kansas City Limited (NYSE:CP)

Freshford Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 237,422 shares of the transportation company’s stock, valued at approximately $17,182,000. Canadian Pacific Kansas City accounts for about 4.9% of Freshford Capital Management LLC’s holdings, making the stock its 9th largest holding.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Canadian Pacific Kansas City by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock worth $2,662,978,000 after acquiring an additional 491,966 shares during the period. Causeway Capital Management LLC boosted its position in Canadian Pacific Kansas City by 76.5% in the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company’s stock worth $1,116,632,000 after purchasing an additional 6,687,770 shares in the last quarter. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $914,090,000. Invesco Ltd. lifted its stake in shares of Canadian Pacific Kansas City by 25.7% in the 4th quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company’s stock valued at $770,526,000 after purchasing an additional 2,177,604 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Canadian Pacific Kansas City by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock valued at $750,046,000 after purchasing an additional 381,594 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CP shares. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Jefferies Financial Group dropped their price target on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Susquehanna reduced their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $91.16.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $72.86 on Wednesday. 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 business’s 50 day moving average price is $74.01 and its 200 day moving average price is $75.75. The company has a market cap of $67.78 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $88.31.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly 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 net margin of 25.51% and a return on equity of 8.86%. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 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. 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 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.93%.

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.