Pecaut & CO. Decreases Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Pecaut & CO. cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,072 shares of the transportation company’s stock after selling 2,800 shares during the quarter. Canadian Pacific Kansas City makes up 1.1% of Pecaut & CO.’s investment portfolio, making the stock its 21st largest holding. Pecaut & CO.’s holdings in Canadian Pacific Kansas City were worth $3,189,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth about $33,000. FSA Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter worth about $34,000. Stonebridge Financial Group LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth about $34,000. YANKCOM Partnership purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth about $36,000. Finally, Curio Wealth LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth about $39,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CP has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective 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. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Stephens raised their target price on 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. Susquehanna cut their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $73.50 on Friday. The company has a market cap 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. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $76.74 and a 200-day moving average price of $78.02. 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 released its earnings results 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 analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given 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 yield of 0.72%. Canadian Pacific Kansas City’s payout ratio is 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.