New Millennium Group LLC Has $62,000 Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

New Millennium Group LLC trimmed its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 57.6% during the fourth quarter, HoldingsChannel reports. The fund owned 851 shares of the transportation company’s stock after selling 1,156 shares during the period. New Millennium Group LLC’s holdings in Canadian Pacific Kansas City were worth $62,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CP. Grove Bank & Trust grew its position in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares in the last quarter. Addison Advisors LLC raised its holdings 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 valued at $34,000 after purchasing an additional 279 shares during the period. FSA Wealth Management LLC bought a new position in Canadian Pacific Kansas City during the third quarter worth about $34,000. Asset Dedication LLC acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $38,000. Finally, Kennebec Savings Bank acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at $42,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CP has been the topic of a number of research reports. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a report on Wednesday, January 8th. Bank of America cut their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Susquehanna dropped their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus reduced their price target on shares of 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Price Performance

CP stock opened at $79.57 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58. The company has a market capitalization of $74.28 billion, a P/E ratio of 27.44, a PEG ratio of 2.04 and a beta of 0.96. The company has a fifty day moving average price of $75.34 and a 200-day moving average price of $79.05.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results 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 return on equity of 8.86% and a net margin of 25.51%. As a group, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.5 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. Investors of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is presently 18.62%.

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.