Canadian Pacific Kansas City Limited (NYSE:CP) Stake Increased by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 132.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 332,450 shares of the transportation company’s stock after buying an additional 189,656 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Canadian Pacific Kansas City were worth $24,059,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CP. Kestra Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $33,000. FSA Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $34,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $34,000. YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth approximately $36,000. Finally, Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $36,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Stifel Nicolaus cut their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada increased 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 report on Thursday, January 30th. Finally, StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.95.

Canadian Pacific Kansas City Stock Down 2.3 %

CP opened at $71.59 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $89.26. The firm has a market cap of $66.84 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.00 and a beta of 0.98. The firm’s 50-day simple moving average is $76.56 and its 200-day simple moving average is $77.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

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 (EPS) 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 anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 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.