Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 272,616 shares of the transportation company’s stock after selling 13,700 shares during the period. Premier Fund Managers Ltd’s holdings in Canadian Pacific Kansas City were worth $19,606,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $2,602,000. Oak Family Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth about $262,000. Barclays PLC raised its holdings in Canadian Pacific Kansas City by 2.8% in the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after buying an additional 81,111 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Canadian Pacific Kansas City by 20.4% during the 3rd 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 in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $249,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $71.59 on Friday. The company has a market cap of $66.84 billion, a P/E ratio of 24.68, a P/E/G ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm’s fifty day moving average price is $76.56 and its two-hundred day moving average price is $77.64. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays decreased their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Susquehanna lowered their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating on the stock in a research note on Thursday. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research note on Wednesday. Finally, Stifel Nicolaus decreased their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $94.95.

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.