Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Alerus Financial NA

Alerus Financial NA lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 88.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,005 shares of the transportation company’s stock after selling 30,452 shares during the period. Alerus Financial NA’s holdings in Canadian Pacific Kansas City were worth $290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $33,000. FSA Wealth Management LLC purchased a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $34,000. Stonebridge Financial Group LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth about $34,000. YANKCOM Partnership purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $36,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CP has been the topic of a number of analyst reports. Royal Bank of Canada increased their target price 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. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Stephens lifted their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.95.

Canadian Pacific Kansas City Trading Down 3.1 %

Shares of CP stock opened at $69.31 on Friday. Canadian Pacific Kansas City Limited has a fifty-two week low of $69.28 and a fifty-two week high of $89.26. The firm’s 50 day moving average price is $76.45 and its two-hundred day moving average price is $77.53. The stock has a market cap of $64.72 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating 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%. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.76%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.93%.

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.