Tower View Wealth Management LLC Lowers Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Tower View Wealth Management LLC reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 48.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 26,322 shares of the transportation company’s stock after selling 25,228 shares during the period. Tower View Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $1,905,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Canadian Pacific Kansas City by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after buying an additional 381,594 shares during the period. Franklin Resources Inc. boosted its position in shares of Canadian Pacific Kansas City by 9.7% during the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after buying an additional 537,418 shares during the period. Fiera Capital Corp boosted its position in shares of Canadian Pacific Kansas City by 1.9% during the third quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company’s stock worth $497,918,000 after buying an additional 107,183 shares during the period. Rothschild & Co Wealth Management UK Ltd boosted its position in shares of Canadian Pacific Kansas City by 1.7% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company’s stock worth $368,661,000 after buying an additional 85,542 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Canadian Pacific Kansas City by 7.8% during the third quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock worth $373,540,000 after buying an additional 313,298 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Up 1.7 %

CP opened at $77.85 on Friday. The business’s 50-day simple moving average is $76.46 and its 200-day simple moving average is $78.57. 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 one year low of $70.89 and a one year high of $91.58. The stock has a market capitalization of $72.69 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted 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 return on equity of 8.86% and a net margin of 25.51%. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis 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 (DPR) is currently 17.93%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CP shares. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Barclays decreased their target price on 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. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Wells Fargo & Company decreased their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two equities 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City 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.