Ramirez Asset Management Inc. Makes New $2.08 Million Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Ramirez Asset Management Inc. purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 28,778 shares of the transportation company’s stock, valued at approximately $2,083,000.

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

Canadian Pacific Kansas City Trading Down 2.3 %

CP stock opened at $71.59 on Friday. The stock has a market capitalization of $66.84 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $89.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business has a fifty day moving average price of $76.56 and a 200 day moving average price of $77.64.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping 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%. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm 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 $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.74%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Analysts Set New Price Targets

A number of analysts recently commented on CP shares. Citigroup increased their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada upped their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Stifel Nicolaus reduced their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Stephens upped their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.95.

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.