Jackson Square Partners LLC Has $6.14 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Jackson Square Partners LLC lessened its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,851 shares of the transportation company’s stock after selling 4,314 shares during the quarter. Jackson Square Partners LLC’s holdings in Canadian Pacific Kansas City were worth $6,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CP. M.D. Sass LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $61,076,000. Triple Frond Partners LLC boosted its position in Canadian Pacific Kansas City by 28.5% in the fourth quarter. Triple Frond Partners LLC now owns 404,369 shares of the transportation company’s stock valued at $29,264,000 after buying an additional 89,635 shares in the last quarter. Rovida Investment Management Ltd bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $10,858,000. Minneapolis Portfolio Management Group LLC increased its holdings in shares of Canadian Pacific Kansas City by 2.4% during the fourth quarter. Minneapolis Portfolio Management Group LLC now owns 308,419 shares of the transportation company’s stock worth $22,320,000 after buying an additional 7,135 shares in the last quarter. Finally, McCollum Christoferson Group LLC lifted its stake in shares of Canadian Pacific Kansas City by 1.3% in the 4th quarter. McCollum Christoferson Group LLC now owns 61,935 shares of the transportation company’s stock valued at $4,483,000 after acquiring an additional 785 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 1.9 %

NYSE CP opened at $73.32 on Tuesday. The business’s fifty day moving average is $76.68 and its 200-day moving average is $77.78. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $68.46 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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%. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Wall Street Analysts Forecast Growth

CP has been the subject of several research reports. Citigroup increased their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Stephens boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Wells Fargo & Company dropped 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. Finally, StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

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.