Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 29.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 458,652 shares of the transportation company’s stock after acquiring an additional 103,566 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Canadian Pacific Kansas City were worth $36,261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers raised its holdings in Canadian Pacific Kansas City by 3.4% during the first quarter. Cetera Investment Advisers now owns 16,828 shares of the transportation company’s stock worth $1,389,000 after purchasing an additional 559 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Canadian Pacific Kansas City by 69.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,539 shares of the transportation company’s stock worth $457,000 after buying an additional 2,263 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Canadian Pacific Kansas City by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock worth $2,496,807,000 after buying an additional 695,215 shares in the last quarter. Baird Financial Group Inc. grew its stake in Canadian Pacific Kansas City by 5.1% in the 1st quarter. Baird Financial Group Inc. now owns 49,524 shares of the transportation company’s stock valued at $4,087,000 after acquiring an additional 2,417 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in Canadian Pacific Kansas City by 116.4% during the first quarter. Brown Brothers Harriman & Co. now owns 14,274 shares of the transportation company’s stock worth $1,178,000 after acquiring an additional 7,678 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $86.06 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58. The firm has a market capitalization of $80.26 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 2.25 and a beta of 0.94. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $87.12 and its 200 day simple moving average is $79.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. As a group, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.22 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.1415 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s payout ratio is presently 17.83%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CP. TD Securities lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Bank of America upped their price objective on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday. Susquehanna dropped their price objective on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Finally, Jefferies Financial Group started coverage on shares of Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Hold” and a consensus price target of $95.29.

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.