Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,833 shares of the transportation company’s stock after selling 1,313 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Canadian Pacific Kansas City were worth $712,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in Canadian Pacific Kansas City by 34.9% during the fourth quarter. Jones Financial Companies Lllp now owns 23,886 shares of the transportation company’s stock worth $1,729,000 after acquiring an additional 6,173 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Canadian Pacific Kansas City by 18.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company’s stock worth $60,000 after acquiring an additional 133 shares during the last quarter. Levin Capital Strategies L.P. acquired a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $1,086,000. Cantillon Capital Management LLC increased its stake in Canadian Pacific Kansas City by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 3,725,023 shares of the transportation company’s stock worth $269,580,000 after acquiring an additional 19,871 shares during the last quarter. Finally, Metis Global Partners LLC increased its stake in Canadian Pacific Kansas City by 6.9% during the fourth quarter. Metis Global Partners LLC now owns 39,975 shares of the transportation company’s stock worth $2,894,000 after acquiring an additional 2,597 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on CP. Citigroup upped their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Stephens upped their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Stifel Nicolaus decreased their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Susquehanna decreased their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $73.08 on Wednesday. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The business has a 50 day moving average price of $76.87 and a two-hundred day moving average price of $78.37. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a market cap of $68.23 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.72%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

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.