Sumitomo Mitsui Trust Holdings Inc. Has $175.18 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,215,485 shares of the transportation company’s stock after purchasing an additional 54,959 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Canadian Pacific Kansas City were worth $175,182,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. YCG LLC raised its holdings in shares of Canadian Pacific Kansas City by 32.5% in the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after acquiring an additional 91,276 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Canadian Pacific Kansas City by 15.3% during the fourth 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. Element Capital Management LLC bought a new stake in Canadian Pacific Kansas City during the third quarter worth $7,815,000. Asset Management One Co. Ltd. purchased a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $5,392,000. Finally, Envestnet Asset Management Inc. lifted its stake in Canadian Pacific Kansas City by 83.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,880,185 shares of the transportation company’s stock valued at $140,015,000 after acquiring an additional 857,878 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays upped their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Susquehanna cut their target price on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. Susquehanna Bancshares downgraded Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and decreased their price target for the company from $90.00 to $87.00 in a research report on Monday, January 8th. JPMorgan Chase & Co. dropped their price target on Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. Finally, 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 note on Wednesday, April 10th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $95.29.

Canadian Pacific Kansas City Stock Down 0.6 %

CP opened at $85.52 on Tuesday. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58. The company has a market cap of $79.76 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 2.20 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 company has a 50 day moving average of $87.17 and a 200 day moving average of $79.21.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.21 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

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

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.