OneAscent Financial Services LLC Boosts Position in Canadian Pacific Kansas City Limited (NYSE:CP)

OneAscent Financial Services LLC increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,745 shares of the transportation company’s stock after acquiring an additional 167 shares during the quarter. OneAscent Financial Services LLC’s holdings in Canadian Pacific Kansas City were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $914,090,000. Allspring Global Investments Holdings LLC raised its holdings in Canadian Pacific Kansas City by 281.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock valued at $252,912,000 after buying an additional 2,532,519 shares during the period. National Bank of Canada FI lifted its position in Canadian Pacific Kansas City by 84.4% in the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock valued at $251,778,000 after buying an additional 1,348,474 shares during the last quarter. Geode Capital Management LLC boosted its stake in Canadian Pacific Kansas City by 27.2% during the fourth quarter. Geode Capital Management LLC now owns 5,511,465 shares of the transportation company’s stock worth $404,849,000 after buying an additional 1,179,108 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Canadian Pacific Kansas City by 260.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,457,682 shares of the transportation company’s stock valued at $105,492,000 after acquiring an additional 1,053,570 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $70.26 on Friday. The stock has a market cap of $65.60 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a fifty day simple moving average of $75.73 and a 200-day simple moving average of $77.00. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12-month low of $68.00 and a 12-month high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data 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 return on equity of 8.86% and a net margin of 25.51%. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.75%. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CP shares. Royal Bank of Canada increased their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Susquehanna lowered their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a report on Thursday, March 27th. Finally, Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $94.68.

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.