Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by 11 Capital Partners LP

11 Capital Partners LP lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 70.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 350,376 shares of the transportation company’s stock after acquiring an additional 144,884 shares during the period. Canadian Pacific Kansas City accounts for about 10.2% of 11 Capital Partners LP’s portfolio, making the stock its 4th largest position. 11 Capital Partners LP’s holdings in Canadian Pacific Kansas City were worth $25,357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised 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 buying an additional 491,966 shares during the last quarter. Causeway Capital Management LLC lifted 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 valued at $1,116,632,000 after acquiring an additional 6,687,770 shares in the last quarter. Norges Bank acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $914,090,000. The Manufacturers Life Insurance Company increased its holdings in Canadian Pacific Kansas City by 2.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,707,319 shares of the transportation company’s stock worth $848,794,000 after purchasing an additional 334,844 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of 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 last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $71.79 on Tuesday. The stock has a market cap of $66.78 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The company has a 50 day moving average of $73.56 and a 200 day moving average of $75.47. 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 (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 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%. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Friday, March 28th were issued a $0.1318 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.73%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Analyst Upgrades and Downgrades

CP has been the topic of several analyst reports. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Wednesday, January 8th. Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Citigroup decreased their price target on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.33.

Canadian Pacific Kansas City Company 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.