Ninepoint Partners LP Grows Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Ninepoint Partners LP boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,809 shares of the transportation company’s stock after buying an additional 975 shares during the period. Canadian Pacific Kansas City makes up 0.2% of Ninepoint Partners LP’s investment portfolio, making the stock its 17th biggest holding. Ninepoint Partners LP’s holdings in Canadian Pacific Kansas City were worth $1,724,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CP. Cetera Investment Advisers grew its position in shares of Canadian Pacific Kansas City by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 16,828 shares of the transportation company’s stock valued at $1,389,000 after purchasing an additional 559 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Canadian Pacific Kansas City by 69.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,539 shares of the transportation company’s stock valued at $457,000 after purchasing an additional 2,263 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Canadian Pacific Kansas City by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock valued at $2,496,807,000 after purchasing an additional 695,215 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of Canadian Pacific Kansas City by 5.1% during the 1st quarter. Baird Financial Group Inc. now owns 49,524 shares of the transportation company’s stock valued at $4,087,000 after purchasing an additional 2,417 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Canadian Pacific Kansas City by 116.4% during the 1st quarter. Brown Brothers Harriman & Co. now owns 14,274 shares of the transportation company’s stock valued at $1,178,000 after purchasing an additional 7,678 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Bank of America lifted their price objective on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Barclays lifted their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $95.29.

Canadian Pacific Kansas City Trading Up 0.9 %

Shares of NYSE:CP traded up $0.76 during midday trading on Friday, hitting $84.70. 652,929 shares of the stock traded hands, compared to its average volume of 2,021,159. The stock has a market capitalization of $78.99 billion, a PE ratio of 26.87, a P/E/G ratio of 2.15 and a beta of 0.94. The business’s 50 day moving average is $87.11 and its two-hundred day moving average is $79.34. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.21 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. This represents a $0.57 annualized dividend and a dividend yield of 0.67%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is 17.83%.

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.