Corient Private Wealth LLC Reduces Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Corient Private Wealth LLC reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,037,751 shares of the transportation company’s stock after selling 66,014 shares during the quarter. Corient Private Wealth LLC’s holdings in Canadian Pacific Kansas City were worth $75,102,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ninepoint Partners LP boosted its stake in shares of Canadian Pacific Kansas City by 41.5% during the fourth quarter. Ninepoint Partners LP now owns 19,165 shares of the transportation company’s stock valued at $1,387,000 after purchasing an additional 5,625 shares during the period. Choate Investment Advisors grew its stake in Canadian Pacific Kansas City by 11.1% in the 4th quarter. Choate Investment Advisors now owns 78,749 shares of the transportation company’s stock worth $5,699,000 after acquiring an additional 7,890 shares in the last quarter. Montis Financial LLC grew its stake in Canadian Pacific Kansas City by 12.0% in the 4th quarter. Montis Financial LLC now owns 4,117 shares of the transportation company’s stock worth $298,000 after acquiring an additional 441 shares in the last quarter. Aviso Financial Inc. increased its position in shares of Canadian Pacific Kansas City by 15.9% during the fourth quarter. Aviso Financial Inc. now owns 1,012,306 shares of the transportation company’s stock worth $73,279,000 after acquiring an additional 138,545 shares during the period. Finally, Madison Investment Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $2,469,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 3.5 %

Canadian Pacific Kansas City stock opened at $75.27 on Monday. 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 stock has a market cap of $70.28 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The stock has a 50-day moving average of $76.92 and a two-hundred day moving average of $78.19. 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 released 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%. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS 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. Investors 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 0.70%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Analyst Upgrades and Downgrades

Several research firms have commented on CP. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Royal Bank of Canada lifted their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Wednesday, January 8th. Barclays reduced their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.