Rockefeller Capital Management L.P. Has $2 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Rockefeller Capital Management L.P. raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,560 shares of the transportation company’s stock after purchasing an additional 2,943 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Canadian Pacific Kansas City were worth $1,995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sterling Capital Management LLC increased its position in Canadian Pacific Kansas City by 42.3% during the 4th quarter. Sterling Capital Management LLC now owns 13,953 shares of the transportation company’s stock worth $1,010,000 after purchasing an additional 4,145 shares in the last quarter. Scotia Capital Inc. increased its holdings in shares of Canadian Pacific Kansas City by 12.5% during the fourth quarter. Scotia Capital Inc. now owns 3,482,058 shares of the transportation company’s stock worth $251,885,000 after buying an additional 386,430 shares in the last quarter. CenterBook Partners LP lifted its stake in shares of Canadian Pacific Kansas City by 22.5% in the 4th quarter. CenterBook Partners LP now owns 14,163 shares of the transportation company’s stock valued at $1,025,000 after acquiring an additional 2,601 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of Canadian Pacific Kansas City by 459.6% during the 4th quarter. APG Asset Management N.V. now owns 506,700 shares of the transportation company’s stock valued at $35,412,000 after acquiring an additional 416,155 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in Canadian Pacific Kansas City by 2.2% during the 4th quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company’s stock worth $521,000 after acquiring an additional 152 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CP shares. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Finally, Stephens raised their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Two 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. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $93.75.

Canadian Pacific Kansas City Trading Up 2.2 %

NYSE CP opened at $74.55 on Monday. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $88.31. The business has a 50 day moving average price of $74.21 and a 200-day moving average price of $75.83. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The company has a market cap of $69.35 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 2.00 and a beta of 1.01.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share 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 analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

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.