Great Lakes Advisors LLC Sells 1,017 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Great Lakes Advisors LLC reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,113 shares of the transportation company’s stock after selling 1,017 shares during the quarter. Great Lakes Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $1,456,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. YCG LLC boosted its stake in shares of Canadian Pacific Kansas City by 16.2% in the fourth quarter. YCG LLC now owns 487,205 shares of the transportation company’s stock valued at $35,259,000 after buying an additional 68,025 shares during the period. Sequoia Financial Advisors LLC raised its position in Canadian Pacific Kansas City by 4.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 12,461 shares of the transportation company’s stock valued at $902,000 after purchasing an additional 483 shares in the last quarter. HighTower Advisors LLC raised its position in Canadian Pacific Kansas City by 1.1% during the fourth quarter. HighTower Advisors LLC now owns 576,449 shares of the transportation company’s stock valued at $41,718,000 after purchasing an additional 6,255 shares in the last quarter. Natural Investments LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $1,129,000. Finally, AGF Management Ltd. raised its position in Canadian Pacific Kansas City by 1.8% during the fourth quarter. AGF Management Ltd. now owns 1,379,922 shares of the transportation company’s stock valued at $100,080,000 after purchasing an additional 24,811 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $75.27 on Friday. 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 stock has a market cap of $70.28 billion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 2.00 and a beta of 0.98. The company’s fifty day moving average is $76.92 and its 200 day moving average is $78.22. 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 issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 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%. 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 declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. 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 0.70%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.93%.

Analyst Ratings Changes

CP has been the subject of several research analyst reports. Stephens boosted their price objective on shares of 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. Barclays lowered their price objective 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. Wolfe Research upgraded shares of 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. StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Royal Bank of Canada upped their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Two investment 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.