AIA Group Ltd Raises Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

AIA Group Ltd boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 15.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 44,338 shares of the transportation company’s stock after acquiring an additional 5,826 shares during the period. AIA Group Ltd’s holdings in Canadian Pacific Kansas City were worth $3,505,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CP. Stonebridge Capital Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 750.0% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock worth $25,000 after buying an additional 300 shares in the last quarter. Sands Capital Management LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter worth approximately $31,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at $29,000. Anchor Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $40,000. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.3 %

NYSE CP traded down $0.23 on Thursday, reaching $83.70. The company had a trading volume of 1,109,920 shares, compared to its average volume of 2,032,622. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The firm has a 50-day moving average of $87.15 and a 200-day moving average of $79.31. The firm has a market capitalization of $78.06 billion, a PE ratio of 27.26, a P/E/G ratio of 2.16 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.21 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be given a $0.1415 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a yield of 0.68%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.83%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CP shares. Jefferies Financial Group started coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They issued a “buy” rating and a $105.00 target price for the company. TD Securities lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Barclays raised their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Stifel Nicolaus upped their price target on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Finally, Bank of America lifted their price target on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. 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 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.