New York State Common Retirement Fund Has $10.62 Million Position in Canadian Pacific Kansas City Limited $CP

New York State Common Retirement Fund cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 18.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,996 shares of the transportation company’s stock after selling 30,100 shares during the quarter. New York State Common Retirement Fund’s holdings in Canadian Pacific Kansas City were worth $10,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CP. Goldman Sachs Group Inc. increased its position in Canadian Pacific Kansas City by 70.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company’s stock worth $652,936,000 after purchasing an additional 3,842,866 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company’s stock valued at $2,606,624,000 after buying an additional 364,515 shares during the last quarter. Exencial Wealth Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 1.6% in the 1st quarter. Exencial Wealth Advisors LLC now owns 17,971 shares of the transportation company’s stock valued at $1,262,000 after buying an additional 279 shares in the last quarter. ASR Vermogensbeheer N.V. acquired a new position in Canadian Pacific Kansas City in the first quarter worth approximately $1,389,000. Finally, Charles Schwab Investment Management Inc. raised its position in Canadian Pacific Kansas City by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,185,195 shares of the transportation company’s stock valued at $153,332,000 after acquiring an additional 54,581 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $73.94 on Friday. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The company has a fifty day simple moving average of $73.35 and a 200 day simple moving average of $76.34. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. The company has a market cap of $66.35 billion, a P/E ratio of 22.54, a P/E/G ratio of 1.87 and a beta of 1.11.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the firm earned $0.99 EPS. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.12%.

Wall Street Analysts Forecast Growth

CP has been the subject of several recent research reports. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Evercore ISI reduced their price objective on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Barclays set a $90.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.69.

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.