abrdn plc Has $79.09 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

abrdn plc lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,097,614 shares of the transportation company’s stock after selling 19,618 shares during the period. abrdn plc’s holdings in Canadian Pacific Kansas City were worth $79,089,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CP. S&CO Inc. raised its holdings in Canadian Pacific Kansas City by 183.3% in the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock worth $1,454,000 after purchasing an additional 11,000 shares during the period. Swiss National Bank increased its position in shares of Canadian Pacific Kansas City by 0.8% in the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock valued at $241,645,000 after buying an additional 23,000 shares in the last quarter. Oak Family Advisors LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth $262,000. Barclays PLC lifted its holdings in Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after acquiring an additional 81,111 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in Canadian Pacific Kansas City by 20.4% in the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock valued at $178,189,000 after acquiring an additional 352,534 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $77.10 on Wednesday. The stock has a market capitalization of $71.98 billion, a PE ratio of 26.58, a P/E/G ratio of 2.06 and a beta of 0.97. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58. The firm has a fifty day simple moving average of $75.36 and a 200 day simple moving average of $78.89. 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 (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.39 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio is 18.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CP shares. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Wednesday, January 8th. Sanford C. Bernstein cut their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Finally, Citigroup increased their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City 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.