Rathbones Group PLC Purchases 95,727 Shares of Canadian Pacific Kansas City Limited $CP

Rathbones Group PLC raised its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,729,339 shares of the transportation company’s stock after purchasing an additional 95,727 shares during the quarter. Rathbones Group PLC’s holdings in Canadian Pacific Kansas City were worth $127,342,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $27,000. Caldwell Trust Co acquired a new position in Canadian Pacific Kansas City in the third quarter worth $30,000. Wealth Watch Advisors INC bought a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $36,000. Cornerstone Planning Group LLC increased its stake in shares of Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after buying an additional 335 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at $35,000. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Sanford C. Bernstein raised their price target on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Evercore dropped their price objective on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.82.

Canadian Pacific Kansas City Price Performance

CP opened at $78.93 on Monday. The company has a fifty day moving average price of $81.18 and a two-hundred day moving average price of $76.15. The firm has a market capitalization of $70.82 billion, a PE ratio of 24.44, a P/E/G ratio of 1.68 and a beta of 1.07. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be given a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is presently 20.74%.

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.