Ycg LLC Has $35.26 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Ycg LLC increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 487,205 shares of the transportation company’s stock after buying an additional 68,025 shares during the quarter. Canadian Pacific Kansas City makes up 2.8% of Ycg LLC’s holdings, making the stock its 16th biggest position. Ycg LLC’s holdings in Canadian Pacific Kansas City were worth $35,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Addison Advisors LLC increased its position in Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after buying an additional 279 shares during the period. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at about $34,000. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $33,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $34,000. Finally, YANKCOM Partnership acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CP shares. Royal Bank of Canada lifted their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Stephens lifted their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $73.08 on Wednesday. The company has a market capitalization of $68.23 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. 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 12-month low of $70.89 and a 12-month high of $91.58. The firm’s fifty day moving average price is $76.87 and its 200 day moving average price is $78.37.

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

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Canadian Pacific Kansas City 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.