Signaturefd LLC Sells 1,236 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Signaturefd LLC lowered its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,305 shares of the transportation company’s stock after selling 1,236 shares during the quarter. Signaturefd LLC’s holdings in Canadian Pacific Kansas City were worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $2,602,000. Oak Family Advisors LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at $262,000. Barclays PLC increased its position in Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after acquiring an additional 81,111 shares during the last quarter. Toronto Dominion Bank increased its position in Canadian Pacific Kansas City by 20.4% during the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock valued at $178,189,000 after acquiring an additional 352,534 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at $249,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CP. Susquehanna reduced their price objective on 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. Stephens upped their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. Finally, Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $74.27 on Wednesday. The firm has a market cap of $69.34 billion, a price-to-earnings ratio of 25.61, 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. The business has a 50-day moving average price of $76.84 and a 200-day moving average price of $78.08. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $90.64.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share 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%. As a group, equities research analysts predict 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 declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

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.