Bridgewater Associates LP Grows Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Bridgewater Associates LP boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2,000.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 366,310 shares of the transportation company’s stock after acquiring an additional 348,873 shares during the quarter. Bridgewater Associates LP’s holdings in Canadian Pacific Kansas City were worth $26,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kestra Investment Management LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $33,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter worth about $34,000. YANKCOM Partnership bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $36,000. Millstone Evans Group LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $36,000. Finally, Curio Wealth LLC bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $39,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Stephens lifted their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Stifel Nicolaus dropped their price target on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a report on Monday. Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Finally, Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of $93.75.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $73.64 on Wednesday. The stock has a 50-day simple moving average of $74.44 and a two-hundred day simple moving average of $76.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $88.31. The firm has a market capitalization of $68.51 billion, a PE ratio of 25.39, a P/E/G ratio of 2.00 and a beta of 1.01.

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

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.93%.

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.