Canadian Pacific Kansas City Limited (NYSE:CP) Stake Boosted by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,572 shares of the transportation company’s stock after acquiring an additional 345 shares during the period. Vontobel Holding Ltd.’s holdings in Canadian Pacific Kansas City were worth $403,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC lifted its stake in shares of Canadian Pacific Kansas City by 4.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 11,978 shares of the transportation company’s stock valued at $1,025,000 after purchasing an additional 561 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $111,380,000. Tanager Wealth Management LLP acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $503,000. JCIC Asset Management Inc. lifted its stake in shares of Canadian Pacific Kansas City by 4.8% in the 3rd quarter. JCIC Asset Management Inc. now owns 67,124 shares of the transportation company’s stock valued at $5,741,000 after purchasing an additional 3,055 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Canadian Pacific Kansas City by 12.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 26,624 shares of the transportation company’s stock valued at $2,280,000 after purchasing an additional 2,862 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CP. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research report on Wednesday, January 8th. Wells Fargo & Company cut their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Bank of America cut their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Stifel Nicolaus cut their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $78.01 on Friday. The stock has a market cap of $72.83 billion, a P/E ratio of 26.90, a PEG ratio of 2.04 and a beta of 0.97. The company’s 50-day simple moving average is $75.97 and its 200 day simple moving average is $78.58. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is currently 18.62%.

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.