Canadian Pacific Kansas City Limited (NYSE:CP) Stock Position Lowered by Paragon Capital Management LLC

Paragon Capital Management LLC lessened its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,416 shares of the transportation company’s stock after selling 193 shares during the period. Paragon Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $247,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CP. Kestra Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $33,000. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City during the third quarter valued at $34,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth about $34,000. YANKCOM Partnership acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth about $36,000. Finally, Curio Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth about $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Susquehanna cut 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. Wolfe Research raised 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 research report on Wednesday, January 8th. Stephens boosted their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada boosted their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Barclays lowered their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Trading Down 1.0 %

Shares of CP stock opened at $73.50 on Friday. The firm has a 50 day moving average price of $76.74 and a two-hundred day moving average price of $78.02. 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 company has a market capitalization of $68.62 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $90.64.

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 net margin of 25.51% and a return on equity of 8.86%. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 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.