Wellington Management Group LLP Trims Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Wellington Management Group LLP cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,419,010 shares of the transportation company’s stock after selling 246,628 shares during the quarter. Wellington Management Group LLP owned approximately 0.26% of Canadian Pacific Kansas City worth $192,332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. YCG LLC grew its position in Canadian Pacific Kansas City by 32.5% during the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock valued at $29,444,000 after purchasing an additional 91,276 shares during the last quarter. JARISLOWSKY FRASER Ltd grew its position in Canadian Pacific Kansas City by 63.6% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock valued at $7,127,000 after purchasing an additional 34,856 shares during the last quarter. SG Americas Securities LLC grew its position in Canadian Pacific Kansas City by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after purchasing an additional 12,748 shares during the last quarter. Element Capital Management LLC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at about $7,815,000. Finally, Meritage Group LP bought a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $207,850,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 0.7 %

Shares of CP opened at $77.65 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a 50 day simple moving average of $80.77 and a two-hundred day simple moving average of $81.92. The firm has a market cap of $72.43 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 2.19 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.14 earnings per share 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, July 29th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.95%.

Analyst Ratings Changes

Several research firms have issued reports on CP. Evercore lowered their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Jefferies Financial Group began coverage on shares of Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 target price on the stock. Wells Fargo & Company began coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They set an “overweight” rating and a $90.00 target price on the stock. Bank of America lowered their target price on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $96.32.

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.