Pathstone Holdings LLC Increases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Pathstone Holdings LLC grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 265,090 shares of the transportation company’s stock after buying an additional 16,329 shares during the quarter. Pathstone Holdings LLC’s holdings in Canadian Pacific Kansas City were worth $19,192,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CP. Norges Bank purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $914,090,000. Causeway Capital Management LLC lifted its stake in Canadian Pacific Kansas City by 76.5% during the fourth 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 during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Canadian Pacific Kansas City by 281.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock worth $252,912,000 after purchasing an additional 2,532,519 shares during the last quarter. Invesco Ltd. lifted its stake in Canadian Pacific Kansas City by 25.7% during 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. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Canadian Pacific Kansas City by 11.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company’s stock worth $899,805,000 after purchasing an additional 1,262,913 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $81.50 on Thursday. The company has a 50-day simple moving average of $73.02 and a 200-day simple moving average of $75.10. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. 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 stock has a market capitalization of $75.83 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.00 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting analysts’ consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, June 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s dividend payout ratio is 21.28%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Evercore ISI decreased their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Stephens boosted their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Susquehanna boosted their price target on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a “positive” rating in a research report on Thursday, May 1st. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reduced their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.71.

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.