Nomura Holdings Inc. Has $1 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Nomura Holdings Inc. lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 84.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,700 shares of the transportation company’s stock after selling 68,100 shares during the quarter. Nomura Holdings Inc.’s holdings in Canadian Pacific Kansas City were worth $1,004,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CP. Sands Capital Management LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at $31,000. Anchor Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at about $40,000. Independence Bank of Kentucky bought a new position in Canadian Pacific Kansas City during the fourth quarter worth about $43,000. McGlone Suttner Wealth Management Inc. acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth approximately $45,000. Finally, Partnership Wealth Management LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $52,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $78.71 on Friday. The company has a 50 day moving average of $80.40 and a 200-day moving average of $81.87. The company has a market cap of $73.42 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity 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.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share 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 business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. As a group, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CP. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 target price for the company. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Wells Fargo & Company assumed coverage on shares of Canadian Pacific Kansas City in a report on Friday, June 7th. They set an “overweight” rating and a $90.00 target price for the company. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Finally, Barclays raised their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.