LGT Fund Management Co Ltd. Buys New Position in Canadian Pacific Kansas City Limited (NYSE:CP)

LGT Fund Management Co Ltd. bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,600 shares of the transportation company’s stock, valued at approximately $206,000.

Several other hedge funds have also recently added to or reduced their stakes in CP. Legal & General Group Plc bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $481,016,000. Sustainable Growth Advisers LP lifted its position in shares of Canadian Pacific Kansas City by 151.4% in the 3rd quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company’s stock worth $583,917,000 after acquiring an additional 4,726,098 shares during the period. Causeway Capital Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $305,505,000. Toronto Dominion Bank lifted its position in shares of Canadian Pacific Kansas City by 1,122.4% in the 3rd quarter. Toronto Dominion Bank now owns 3,398,403 shares of the transportation company’s stock worth $252,875,000 after acquiring an additional 3,120,385 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd lifted its position in shares of Canadian Pacific Kansas City by 100.5% in the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 4,766,995 shares of the transportation company’s stock worth $354,712,000 after acquiring an additional 2,390,030 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 1.4 %

Shares of NYSE CP traded up $1.10 during midday trading on Thursday, hitting $78.67. The stock had a trading volume of 566,233 shares, compared to its average volume of 2,123,294. The company’s 50-day simple moving average is $86.66 and its 200 day simple moving average is $79.99. The firm has a market cap of $73.37 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.15 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays raised their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Stifel Nicolaus cut their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Finally, Susquehanna cut their target price on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $96.42.

Canadian Pacific Kansas City Profile

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.