Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,130,614 shares of the transportation company’s stock after acquiring an additional 75,638 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.23% of Canadian Pacific Kansas City worth $154,191,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. M&G PLC lifted its holdings in Canadian Pacific Kansas City by 13.6% during the 3rd quarter. M&G PLC now owns 204,677 shares of the transportation company’s stock worth $17,595,000 after buying an additional 24,517 shares in the last quarter. Forte Capital LLC ADV raised its position in Canadian Pacific Kansas City by 2.4% in the 3rd quarter. Forte Capital LLC ADV now owns 7,415 shares of the transportation company’s stock valued at $634,000 after purchasing an additional 173 shares in the last quarter. Principal Financial Group Inc. raised its position in Canadian Pacific Kansas City by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,742,375 shares of the transportation company’s stock valued at $234,806,000 after purchasing an additional 257,200 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in shares of Canadian Pacific Kansas City by 1.7% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 91,751 shares of the transportation company’s stock valued at $7,848,000 after purchasing an additional 1,564 shares in the last quarter. Finally, Portside Wealth Group LLC raised its holdings in shares of Canadian Pacific Kansas City by 5.7% in the 3rd quarter. Portside Wealth Group LLC now owns 7,685 shares of the transportation company’s stock valued at $657,000 after purchasing an additional 414 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $77.69 on Friday. The company has a 50-day simple moving average of $76.81 and a 200-day simple moving average of $78.49. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a market capitalization of $72.54 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 29th. The transportation company reported $0.92 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%. On average, 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Stifel Nicolaus lowered 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. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Barclays cut their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Wednesday, January 8th. Finally, Stephens boosted their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average 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.