Raymond James & Associates Has $57.63 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Raymond James & Associates lowered its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 34.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 728,890 shares of the transportation company’s stock after selling 381,301 shares during the quarter. Raymond James & Associates owned 0.08% of Canadian Pacific Kansas City worth $57,626,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Lavaca Capital LLC acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $8,077,000. Element Capital Management LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $7,815,000. SG Americas Securities LLC raised its position in Canadian Pacific Kansas City by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after buying an additional 12,748 shares during the last quarter. Fund Management at Engine No. 1 LLC acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $7,688,000. Finally, Scopus Asset Management L.P. acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $10,096,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $88.47 on Thursday. The stock has a market capitalization of $82.49 billion, a PE ratio of 28.18, a P/E/G ratio of 2.64 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. The business has a fifty day moving average price of $84.90 and a two-hundred day moving average price of $78.20. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations 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 analysts predict 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 firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.64%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is 18.15%.

Analyst Ratings Changes

A number of research firms have weighed in on CP. Citigroup raised their price target on Canadian Pacific Kansas City from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. JPMorgan Chase & Co. decreased their price target on Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, December 21st. Stifel Nicolaus raised their price target on Canadian Pacific Kansas City from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. TD Securities downgraded Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $92.94.

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.