abrdn plc Sells 19,618 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

abrdn plc trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,097,614 shares of the transportation company's stock after selling 19,618 shares during the quarter. abrdn plc owned approximately 0.12% of Canadian Pacific Kansas City worth $79,089,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. S&CO Inc. grew its stake in Canadian Pacific Kansas City by 183.3% in the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company's stock valued at $1,454,000 after buying an additional 11,000 shares during the last quarter. Swiss National Bank grew its stake in Canadian Pacific Kansas City by 0.8% in the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company's stock valued at $241,645,000 after buying an additional 23,000 shares during the last quarter. Oak Family Advisors LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $262,000. Barclays PLC grew its stake in Canadian Pacific Kansas City by 2.8% in the 3rd 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 last quarter. Finally, Toronto Dominion Bank grew its stake in Canadian Pacific Kansas City by 20.4% in the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company's stock valued at $178,189,000 after buying an additional 352,534 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CP. StockNews.com lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Wednesday, December 25th. Susquehanna decreased their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Stephens increased their target price on shares of 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. Wells Fargo & Company decreased their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Finally, Loop Capital downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $95.45.

Canadian Pacific Kansas City Stock Down 1.5 %

CP stock traded down $1.20 during trading on Friday, reaching $77.17. The stock had a trading volume of 2,391,141 shares, compared to its average volume of 3,555,155. The company has a market capitalization of $72.04 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 2.02 and a beta of 0.97. 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's 50 day moving average is $75.54 and its two-hundred day moving average is $78.79. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced 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 return on equity of 8.86% and a net margin of 25.51%. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.4 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. Canadian Pacific Kansas City's payout ratio is presently 18.62%.

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.