Assetmark Inc. Reduces Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Assetmark Inc. trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 95.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,276 shares of the transportation company’s stock after selling 29,532 shares during the quarter. Assetmark Inc.’s holdings in Canadian Pacific Kansas City were worth $92,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Keybank National Association OH boosted its stake in Canadian Pacific Kansas City by 0.9% during the fourth quarter. Keybank National Association OH now owns 42,214 shares of the transportation company’s stock worth $3,055,000 after buying an additional 366 shares during the period. Nicola Wealth Management LTD. purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $8,815,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Canadian Pacific Kansas City by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,130,614 shares of the transportation company’s stock valued at $154,191,000 after purchasing an additional 75,638 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of 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 valued at $1,729,000 after purchasing an additional 6,173 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of 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 valued at $60,000 after purchasing an additional 133 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CP. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Royal Bank of Canada boosted their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company lowered 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 research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $75.27 on Friday. The company has a market capitalization of $70.28 billion, a PE ratio of 25.96, a P/E/G ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a 50-day simple moving average of $76.92 and a two-hundred day simple moving average of $78.25. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $90.64.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates 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%. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.70%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

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.