Geode Capital Management LLC Has $661.34 Million Stock Holdings in Canadian Pacific Kansas City Limited $CP

Geode Capital Management LLC raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,821,358 shares of the transportation company’s stock after buying an additional 461,724 shares during the period. Geode Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $661,339,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC boosted its stake in Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 17,799 shares of the transportation company’s stock valued at $1,326,000 after purchasing an additional 145 shares during the last quarter. Cromwell Holdings LLC boosted its stake in Canadian Pacific Kansas City by 8.1% during the 4th quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 145 shares during the last quarter. Fortune Financial Advisors LLC boosted its stake in Canadian Pacific Kansas City by 1.2% during the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock valued at $1,003,000 after purchasing an additional 158 shares during the last quarter. Brookstone Capital Management boosted its stake in Canadian Pacific Kansas City by 1.2% during the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock valued at $1,057,000 after purchasing an additional 176 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Canadian Pacific Kansas City by 15.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,518 shares of the transportation company’s stock valued at $112,000 after purchasing an additional 202 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the subject of a number of analyst reports. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada cut their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Barclays set a $99.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, ATB Cormark Capital Markets downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $95.89.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $89.26 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $91.46. The stock’s 50 day moving average price is $83.32 and its 200-day moving average price is $78.84. The company has a market capitalization of $79.24 billion, a PE ratio of 27.55, a PEG ratio of 1.91 and a beta of 1.09. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the firm earned $1.06 EPS. Canadian Pacific Kansas City’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 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, July 27th. Stockholders of record on Friday, June 26th will be paid a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.68%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.