Waycross Investment Management Co Reduces Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Waycross Investment Management Co lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,076 shares of the transportation company’s stock after selling 166 shares during the quarter. Waycross Investment Management Co’s holdings in Canadian Pacific Kansas City were worth $584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Miracle Mile Advisors LLC bought a new position in Canadian Pacific Kansas City in the 4th quarter worth about $1,005,000. JCIC Asset Management Inc. grew its stake in Canadian Pacific Kansas City by 2.0% during the fourth quarter. JCIC Asset Management Inc. now owns 68,479 shares of the transportation company’s stock valued at $4,955,000 after acquiring an additional 1,355 shares in the last quarter. QV Investors Inc. increased its holdings in Canadian Pacific Kansas City by 44.0% during the 4th quarter. QV Investors Inc. now owns 346,157 shares of the transportation company’s stock worth $25,051,000 after acquiring an additional 105,815 shares during the period. Asset Allocation & Management Company LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $262,000. Finally, Tilia Fiduciary Partners Inc. lifted its stake in Canadian Pacific Kansas City by 6.2% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 29,176 shares of the transportation company’s stock worth $2,111,000 after purchasing an additional 1,703 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on CP shares. Sanford C. Bernstein decreased their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Stifel Nicolaus decreased their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Finally, Susquehanna lowered their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.56.

Canadian Pacific Kansas City Price Performance

CP stock opened at $73.72 on Tuesday. 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 firm has a market cap of $68.82 billion, a P/E ratio of 26.33, a P/E/G ratio of 2.26 and a beta of 0.96. The firm’s fifty day moving average is $75.02 and its 200 day moving average is $79.29. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the business posted $0.69 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.76%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is presently 18.93%.

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.