Atria Investments Inc Decreases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Atria Investments Inc cut its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 11.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,546 shares of the transportation company's stock after selling 4,780 shares during the period. Atria Investments Inc's holdings in Canadian Pacific Kansas City were worth $2,717,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. S&CO Inc. raised its holdings in shares of Canadian Pacific Kansas City by 183.3% during the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company's stock valued at $1,454,000 after purchasing an additional 11,000 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $2,602,000. Swiss National Bank raised its holdings in shares of Canadian Pacific Kansas City by 0.8% during the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company's stock valued at $241,645,000 after purchasing an additional 23,000 shares during the last quarter. Oak Family Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $262,000. Finally, Barclays PLC raised its holdings in shares of Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock valued at $250,602,000 after purchasing an additional 81,111 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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Canadian Pacific Kansas City Price Performance

Shares of CP traded down $0.70 during mid-day trading on Friday, reaching $77.69. The stock had a trading volume of 3,049,057 shares, compared to its average volume of 2,962,722. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The business has a fifty day moving average of $76.81 and a 200 day moving average of $78.49. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58. The firm has a market cap of $72.54 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping 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 predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.68%. Canadian Pacific Kansas City's dividend payout ratio is 17.93%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CP shares. Royal Bank of Canada boosted their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price for the company in a research report on Wednesday, January 8th. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Stephens boosted their target price 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus target price of $95.45.

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.