New York State Common Retirement Fund Boosts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

New York State Common Retirement Fund boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 37.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 168,229 shares of the transportation company’s stock after purchasing an additional 46,171 shares during the quarter. New York State Common Retirement Fund’s holdings in Canadian Pacific Kansas City were worth $12,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kestra Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $33,000. Addison Advisors LLC raised its stake in Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $34,000. Stonebridge Financial Group LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $34,000. Finally, YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City in the fourth quarter worth $36,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

CP has been the topic of a number of research reports. Susquehanna dropped their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Citigroup upped their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada lifted their price objective 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. Wells Fargo & Company decreased their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Stock Down 1.4 %

CP opened at $76.32 on Tuesday. 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 company has a market capitalization of $71.26 billion, a PE ratio of 26.32, a P/E/G ratio of 2.00 and a beta of 0.97. The stock’s fifty day moving average is $76.07 and its 200-day moving average is $78.58. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued 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%. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm 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. This represents a $0.53 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 18.62%.

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.