Thrivent Financial for Lutherans Lowers Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Thrivent Financial for Lutherans trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,832 shares of the transportation company’s stock after selling 1,975 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Canadian Pacific Kansas City were worth $1,382,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Kestra Investment Management LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter worth about $33,000. FSA Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $34,000. Stonebridge Financial Group LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth about $34,000. YANKCOM Partnership bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at $36,000. Finally, Curio Wealth LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at approximately $39,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Down 3.1 %

CP stock opened at $69.31 on Monday. The stock has a market capitalization of $64.72 billion, a P/E ratio of 23.90, a P/E/G ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 52 week low of $69.28 and a 52 week high of $89.26. The firm has a 50-day simple moving average of $76.45 and a 200-day simple moving average of $77.42. The company has a quick ratio of 0.46, a current ratio of 0.53 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 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

Analyst Ratings Changes

Several brokerages have issued reports on CP. Stephens raised their price objective on shares of 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. Wells Fargo & Company reduced their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Finally, Citigroup upped their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a 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 MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $94.95.

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.