Quilter Plc Purchases 118,753 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Quilter Plc boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,203,968 shares of the transportation company’s stock after buying an additional 118,753 shares during the period. Canadian Pacific Kansas City makes up approximately 1.7% of Quilter Plc’s holdings, making the stock its 22nd biggest holding. Quilter Plc’s holdings in Canadian Pacific Kansas City were worth $87,062,000 as of its most recent SEC filing.

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

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $77.17 on Monday. The firm has a 50-day moving average price of $75.54 and a 200-day moving average price of $78.77. The firm has a market capitalization of $72.04 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping 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%. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 18.62%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Susquehanna lowered their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada raised their target price on 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. Citigroup raised their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Bank of America cut their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $95.45.

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.