Mitchell Capital Management Co. Sells 9,547 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Mitchell Capital Management Co. reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 26.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,626 shares of the transportation company’s stock after selling 9,547 shares during the quarter. Mitchell Capital Management Co.’s holdings in Canadian Pacific Kansas City were worth $1,927,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CP. Van ECK Associates Corp grew its position in shares of Canadian Pacific Kansas City by 47.2% in the 3rd quarter. Van ECK Associates Corp now owns 375,295 shares of the transportation company’s stock worth $29,373,000 after buying an additional 120,280 shares during the last quarter. Intact Investment Management Inc. grew its position in shares of Canadian Pacific Kansas City by 37.3% in the 3rd quarter. Intact Investment Management Inc. now owns 321,441 shares of the transportation company’s stock worth $27,494,000 after buying an additional 87,410 shares during the last quarter. PDS Planning Inc lifted its stake in shares of Canadian Pacific Kansas City by 36.6% in the 3rd quarter. PDS Planning Inc now owns 5,758 shares of the transportation company’s stock valued at $493,000 after purchasing an additional 1,543 shares during the period. Crestwood Advisors Group LLC purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $227,000. Finally, Marks Group Wealth Management Inc lifted its stake in shares of Canadian Pacific Kansas City by 5.0% in the 3rd quarter. Marks Group Wealth Management Inc now owns 86,427 shares of the transportation company’s stock valued at $7,393,000 after purchasing an additional 4,113 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Up 1.7 %

CP stock opened at $77.85 on Friday. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58. The business has a fifty day moving average price of $76.46 and a 200-day moving average price of $78.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $72.69 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.00 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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%. 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 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 $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CP shares. Stifel Nicolaus lowered their target price on 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. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Wednesday, January 8th. Stephens raised their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Barclays lowered their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Susquehanna lowered their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of $95.45.

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.