Mar Vista Investment Partners LLC Purchases 4,029 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Mar Vista Investment Partners LLC raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,399 shares of the transportation company’s stock after acquiring an additional 4,029 shares during the quarter. Mar Vista Investment Partners LLC’s holdings in Canadian Pacific Kansas City were worth $5,384,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CP. Vanguard Group Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 1.4% in the 4th 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 last quarter. Causeway Capital Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 76.5% during 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 acquiring an additional 6,687,770 shares during the last quarter. Norges Bank purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at $914,090,000. Invesco Ltd. increased its stake in Canadian Pacific Kansas City by 25.7% in the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company’s stock worth $770,526,000 after purchasing an additional 2,177,604 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Canadian Pacific Kansas City by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after purchasing an additional 381,594 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

CP has been the subject of several research reports. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Wells Fargo & Company dropped their target price on shares of 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 raised their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Finally, 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 on the stock in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $91.16.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $72.86 on Wednesday. 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 50-day moving average price of $74.01 and a 200 day moving average price of $75.75. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $88.31. The company has a market cap of $67.78 billion, a P/E ratio of 25.12, a PEG ratio of 2.00 and a beta of 1.01.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping 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%. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders 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 dividend yield of 0.72%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

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.