Coalescence Partners Investment Management LP Makes New Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Coalescence Partners Investment Management LP acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 270,204 shares of the transportation company’s stock, valued at approximately $19,555,000. Canadian Pacific Kansas City comprises approximately 7.4% of Coalescence Partners Investment Management LP’s portfolio, making the stock its 6th biggest holding.

Several other institutional investors have also added to or reduced their stakes in CP. Larson Financial Group LLC increased its holdings in Canadian Pacific Kansas City by 7.9% in the fourth quarter. Larson Financial Group LLC now owns 2,716 shares of the transportation company’s stock worth $197,000 after purchasing an additional 198 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. grew its position in shares of Canadian Pacific Kansas City by 11.6% during the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 615,873 shares of the transportation company’s stock worth $44,536,000 after buying an additional 64,247 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Canadian Pacific Kansas City by 27.9% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 240,150 shares of the transportation company’s stock valued at $17,380,000 after acquiring an additional 52,393 shares during the period. EagleClaw Capital Managment LLC boosted its stake in Canadian Pacific Kansas City by 15.8% during the fourth quarter. EagleClaw Capital Managment LLC now owns 13,961 shares of the transportation company’s stock worth $1,010,000 after acquiring an additional 1,910 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its holdings in Canadian Pacific Kansas City by 750.5% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 22,701 shares of the transportation company’s stock worth $1,643,000 after purchasing an additional 20,032 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CP shares. Barclays cut their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Stephens upped their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada lifted their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company decreased their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Stock Down 0.9 %

Shares of NYSE CP opened at $77.69 on Friday. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58. The firm has a market capitalization of $72.54 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The firm has a fifty day simple moving average of $76.81 and a two-hundred day simple moving average of $78.49. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current 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 given a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.93%.

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.