Canadian Pacific Kansas City Limited $CP Stock Holdings Lifted by Barclays PLC

Barclays PLC grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.4% in the third quarter, Holdings Channel.com reports. The fund owned 3,247,190 shares of the transportation company’s stock after buying an additional 75,798 shares during the quarter. Barclays PLC’s holdings in Canadian Pacific Kansas City were worth $241,883,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Intech Investment Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 16.0% during the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after purchasing an additional 2,940 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Sivia Capital Partners LLC purchased a new position in Canadian Pacific Kansas City in the 2nd quarter worth about $206,000. Arkadios Wealth Advisors purchased a new position in Canadian Pacific Kansas City in the 2nd quarter worth about $245,000. Finally, Assetmark Inc. raised its holdings in Canadian Pacific Kansas City by 28.5% during the 2nd quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock worth $68,000 after buying an additional 191 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup reduced their price objective on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, January 30th. National Bank Financial downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Finally, Evercore cut their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Stock Down 2.7%

Canadian Pacific Kansas City stock opened at $82.93 on Friday. The firm’s 50 day moving average price is $78.17 and its two-hundred day moving average price is $75.52. The firm has a market cap of $74.47 billion, a PE ratio of 25.67, a P/E/G ratio of 1.83 and a beta of 1.06. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $89.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is 20.43%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.