Signaturefd LLC Decreases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Signaturefd LLC lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,166 shares of the transportation company’s stock after selling 615 shares during the quarter. Signaturefd LLC’s holdings in Canadian Pacific Kansas City were worth $1,515,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. YCG LLC raised its position in Canadian Pacific Kansas City by 32.5% in the fourth 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 period. SG Americas Securities LLC raised its holdings in shares of 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 worth $7,606,000 after purchasing an additional 12,748 shares during the period. Element Capital Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Canadian Pacific Kansas City by 5.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock valued at $24,525,000 after purchasing an additional 14,557 shares during the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth $5,392,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

CP has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a “buy” rating and a $105.00 price target on the stock. Barclays upped their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Susquehanna dropped their price target on shares of 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. Finally, Stifel Nicolaus lifted their price objective on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $95.29.

Canadian Pacific Kansas City Trading Up 0.9 %

Shares of Canadian Pacific Kansas City stock opened at $84.68 on Monday. The company has a 50 day simple moving average of $87.10 and a two-hundred day simple moving average of $79.51. The firm has a market cap of $78.97 billion, a PE ratio of 26.97, a PEG ratio of 2.17 and a beta of 0.94. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 31.29% and a return on equity of 8.52%. Analysts expect that Canadian Pacific Kansas City Limited will post 3.21 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be issued a $0.1415 dividend. 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 0.67%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend 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.