Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 150,483 shares of the transportation company’s stock after selling 2,675 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Canadian Pacific Kansas City were worth $10,890,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CP. Addison Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after buying an additional 279 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth $34,000. Stonebridge Financial Group LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $34,000. YANKCOM Partnership bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $36,000. Finally, Kennebec Savings Bank bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 1.0 %

NYSE:CP opened at $77.53 on Monday. The firm has a market capitalization of $72.38 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 2.02 and a beta of 0.97. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The business’s fifty day moving average price is $75.74 and its 200 day moving average price is $78.64.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS 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%. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.4 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. Shareholders of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.93%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Wednesday, January 8th. Barclays cut their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Stifel Nicolaus cut their target price on 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $95.45.

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.