Choreo LLC Purchases 368 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Choreo LLC grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,975 shares of the transportation company’s stock after buying an additional 368 shares during the quarter. Choreo LLC’s holdings in Canadian Pacific Kansas City were worth $631,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 1.5% during the third quarter. Vanguard Group Inc. now owns 33,752,798 shares of the transportation company’s stock valued at $2,511,546,000 after purchasing an additional 483,138 shares during the last quarter. FMR LLC boosted its stake in Canadian Pacific Kansas City by 1.8% in the third quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock valued at $2,304,549,000 after acquiring an additional 553,163 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Canadian Pacific Kansas City by 5.9% in the fourth quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock valued at $1,122,370,000 after acquiring an additional 787,608 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Canadian Pacific Kansas City by 0.9% in the third quarter. CIBC Asset Management Inc now owns 9,536,530 shares of the transportation company’s stock valued at $711,045,000 after acquiring an additional 86,525 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in Canadian Pacific Kansas City by 0.4% in the third quarter. Bank of Nova Scotia now owns 8,305,174 shares of the transportation company’s stock valued at $617,332,000 after acquiring an additional 36,287 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CP. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Bank of America cut their target price on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $90.00 to $87.00 in a report on Monday, January 8th. Finally, Raymond James raised their price objective on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $77.57 on Thursday. The firm has a 50-day moving average of $86.66 and a 200-day moving average of $79.99. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The company has a market cap of $72.34 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.63%.

Canadian Pacific Kansas City Company 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.