Artisan Partners Limited Partnership Sells 496,278 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Artisan Partners Limited Partnership trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,508,243 shares of the transportation company's stock after selling 496,278 shares during the quarter. Artisan Partners Limited Partnership owned about 0.48% of Canadian Pacific Kansas City worth $326,004,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CP. Smartleaf Asset Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 18.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company's stock valued at $60,000 after buying an additional 133 shares in the last quarter. Pinnacle Bancorp Inc. boosted its stake in Canadian Pacific Kansas City by 13.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company's stock valued at $90,000 after acquiring an additional 150 shares in the last quarter. Wiser Advisor Group LLC grew its holdings in shares of Canadian Pacific Kansas City by 9.5% during the fourth quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company's stock worth $125,000 after purchasing an additional 150 shares during the last quarter. BKM Wealth Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 2.2% during the fourth quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company's stock worth $526,000 after purchasing an additional 158 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Canadian Pacific Kansas City by 12.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company's stock worth $118,000 after purchasing an additional 175 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

CP has been the topic of a number of research reports. Stifel Nicolaus dropped their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research note on Thursday, January 16th. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday. Royal Bank of Canada upped their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Stephens raised their price objective 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. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target on the stock in a research report on Wednesday, January 8th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $94.95.

Canadian Pacific Kansas City Trading Up 0.9 %

CP traded up $0.65 during trading on Monday, reaching $70.07. The company had a trading volume of 1,238,483 shares, compared to its average volume of 3,133,210. The firm's 50-day simple moving average is $76.45 and its 200 day simple moving average is $77.42. The company has a market cap of $65.43 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 2.00 and a beta of 0.98. 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 Limited has a 12-month low of $68.00 and a 12-month high of $89.26.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is currently 17.93%.

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.