Canadian Pacific Kansas City Limited (NYSE:CP) Stock Holdings Lifted by Triple Frond Partners LLC

Triple Frond Partners LLC boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 28.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 404,369 shares of the transportation company’s stock after buying an additional 89,635 shares during the period. Canadian Pacific Kansas City accounts for approximately 3.8% of Triple Frond Partners LLC’s holdings, making the stock its 9th biggest position. Triple Frond Partners LLC’s holdings in Canadian Pacific Kansas City were worth $29,264,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CP. Rovida Investment Management Ltd bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $10,858,000. Minneapolis Portfolio Management Group LLC increased its holdings in Canadian Pacific Kansas City by 2.4% in the 4th quarter. Minneapolis Portfolio Management Group LLC now owns 308,419 shares of the transportation company’s stock valued at $22,320,000 after acquiring an additional 7,135 shares during the last quarter. McCollum Christoferson Group LLC boosted its holdings in shares of Canadian Pacific Kansas City by 1.3% during the 4th quarter. McCollum Christoferson Group LLC now owns 61,935 shares of the transportation company’s stock valued at $4,483,000 after purchasing an additional 785 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Canadian Pacific Kansas City by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock valued at $2,662,978,000 after purchasing an additional 491,966 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Canadian Pacific Kansas City by 34.4% in the fourth quarter. LPL Financial LLC now owns 258,075 shares of the transportation company’s stock worth $18,677,000 after purchasing an additional 66,125 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CP. Susquehanna dropped their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Citigroup raised their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research note on Wednesday, January 8th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Finally, Wells Fargo & Company decreased their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $73.32 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average is $76.68 and its two-hundred day moving average is $77.78. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $89.26. The company has a market capitalization of $68.46 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly 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 net margin of 25.51% and a return on equity of 8.86%. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 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.