Financial Partners Group Inc Has $3.56 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Financial Partners Group Inc reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 49,176 shares of the transportation company’s stock after selling 2,738 shares during the period. Financial Partners Group Inc’s holdings in Canadian Pacific Kansas City were worth $3,559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. S&CO Inc. boosted its stake in Canadian Pacific Kansas City by 183.3% during the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock valued at $1,454,000 after purchasing an additional 11,000 shares during the last quarter. Swiss National Bank boosted its position in shares of Canadian Pacific Kansas City by 0.8% during the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock valued at $241,645,000 after buying an additional 23,000 shares during the last quarter. Barclays PLC grew its holdings in Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after buying an additional 81,111 shares in the last quarter. Toronto Dominion Bank raised its position in Canadian Pacific Kansas City by 20.4% in the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock valued at $178,189,000 after buying an additional 352,534 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Canadian Pacific Kansas City during the 4th quarter valued at $249,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CP. Royal Bank of Canada upped their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday. Sanford C. Bernstein decreased their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Susquehanna cut their target price on 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. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research report on Wednesday, January 8th. Finally, StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $79.57 on Monday. The firm has a market capitalization of $74.28 billion, a PE ratio of 27.44, a P/E/G ratio of 2.06 and a beta of 0.97. 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 company has a 50-day moving average price of $75.40 and a two-hundred day moving average price of $78.98. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping 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 3.39 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business 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 $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 18.62%.

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.