Lingotto Investment Management LLP Buys 6,703 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Lingotto Investment Management LLP boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,479 shares of the transportation company’s stock after buying an additional 6,703 shares during the quarter. Canadian Pacific Kansas City makes up about 0.3% of Lingotto Investment Management LLP’s investment portfolio, making the stock its 27th largest position. Lingotto Investment Management LLP’s holdings in Canadian Pacific Kansas City were worth $10,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Kirtland Hills Capital Management LLC grew its stake in Canadian Pacific Kansas City by 5.4% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 6,578 shares of the transportation company’s stock worth $476,000 after buying an additional 339 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Canadian Pacific Kansas City by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,033,968 shares of the transportation company’s stock valued at $74,828,000 after purchasing an additional 10,026 shares in the last quarter. Waverton Investment Management Ltd grew its holdings in shares of Canadian Pacific Kansas City by 7.1% during the fourth quarter. Waverton Investment Management Ltd now owns 5,305 shares of the transportation company’s stock worth $384,000 after purchasing an additional 352 shares during the last quarter. Dover Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 45.6% in the fourth quarter. Dover Advisors LLC now owns 9,455 shares of the transportation company’s stock valued at $684,000 after buying an additional 2,961 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $408,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $77.50 on Wednesday. The company has a market capitalization of $72.35 billion, a price-to-earnings ratio of 26.72, a P/E/G ratio of 2.00 and a beta of 0.97. The firm’s 50 day simple moving average is $76.15 and its 200 day simple moving average is $78.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CP shares. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Wells Fargo & Company reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Susquehanna lowered their target price 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. Finally, Royal Bank of Canada upped their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Company 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.