Rhumbline Advisers Has $451,000 Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Rhumbline Advisers decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,230 shares of the transportation company’s stock after selling 358 shares during the quarter. Rhumbline Advisers’ holdings in Canadian Pacific Kansas City were worth $451,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Canadian Pacific Kansas City by 281.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock worth $252,912,000 after acquiring an additional 2,532,519 shares during the period. National Bank of Canada FI boosted its position in shares of Canadian Pacific Kansas City by 84.4% during the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock worth $251,778,000 after purchasing an additional 1,348,474 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Canadian Pacific Kansas City by 36.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company’s stock worth $245,403,000 after acquiring an additional 769,202 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $63,179,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Canadian Pacific Kansas City by 39.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company’s stock valued at $172,132,000 after acquiring an additional 565,783 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.9 %

Shares of CP opened at $77.69 on Friday. 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 $70.89 and a 12-month high of $91.58. The firm has a 50-day moving average price of $76.81 and a 200 day moving average price of $78.49. The firm has a market capitalization of $72.54 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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%. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued 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 (DPR) is 17.93%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Wells Fargo & Company dropped their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average 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.