Atria Investments Inc Has $2.72 Million Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Atria Investments Inc cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 37,546 shares of the transportation company’s stock after selling 4,780 shares during the quarter. Atria Investments Inc’s holdings in Canadian Pacific Kansas City were worth $2,717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Addison Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City during the third quarter worth $34,000. Kestra Investment Management LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $33,000. Stonebridge Financial Group LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $34,000. Finally, YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 0.9 %

Shares of Canadian Pacific Kansas City stock opened at $77.69 on Friday. The firm has a 50-day moving average of $76.81 and a 200-day moving average of $78.49. The stock has a market cap of $72.54 billion, a PE ratio of 26.79, a PEG ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58. 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 (NYSE:CP) (TSE:CP) last announced its earnings results 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%. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio is 17.93%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CP. Barclays lowered their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus decreased their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Susquehanna decreased their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.