Allianz SE Takes $463,000 Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Allianz SE acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,391 shares of the transportation company’s stock, valued at approximately $463,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CP. Glenmede Trust Co. NA grew its holdings in shares of Canadian Pacific Kansas City by 0.7% during the third quarter. Glenmede Trust Co. NA now owns 40,218 shares of the transportation company’s stock worth $3,440,000 after purchasing an additional 262 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Canadian Pacific Kansas City by 4,194,400.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,945 shares of the transportation company’s stock worth $3,587,000 after acquiring an additional 41,944 shares during the last quarter. Captrust Financial Advisors increased its position in Canadian Pacific Kansas City by 5.5% in the 3rd quarter. Captrust Financial Advisors now owns 54,109 shares of the transportation company’s stock valued at $4,629,000 after acquiring an additional 2,838 shares during the period. Edgestream Partners L.P. acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $210,000. Finally, Maverick Capital Ltd. bought a new position in shares of Canadian Pacific Kansas City during the third quarter valued at $1,109,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the subject of a number of recent research reports. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a report on Wednesday. Royal Bank of Canada increased 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. Susquehanna lowered their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research report on Thursday. 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 report on Wednesday, January 8th. Finally, Citigroup lifted their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $94.95.

Canadian Pacific Kansas City Trading Down 3.1 %

Shares of CP stock opened at $69.31 on Monday. The firm’s 50 day moving average is $76.45 and its 200 day moving average is $77.42. The stock has a market capitalization of $64.72 billion, a P/E ratio of 23.90, a P/E/G ratio of 2.00 and a beta of 0.98. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12-month low of $69.25 and a 12-month high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Research 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 company 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 dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.76%. 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.