Bessemer Group Inc. Sells 2,931,428 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Bessemer Group Inc. reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 97.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,858 shares of the transportation company's stock after selling 2,931,428 shares during the quarter. Bessemer Group Inc.'s holdings in Canadian Pacific Kansas City were worth $4,908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CP. Proficio Capital Partners LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $2,602,000. Oak Family Advisors LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $262,000. Barclays PLC lifted its position in 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 buying an additional 81,111 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $249,000. Finally, Phraction Management LLC raised its stake in shares of Canadian Pacific Kansas City by 53.6% in the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock valued at $963,000 after acquiring an additional 4,641 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Loop Capital downgraded Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Jefferies Financial Group reduced their price target on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Barclays lowered their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company reduced 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average price target of $93.75.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP traded up $1.28 on Thursday, hitting $74.19. The company's stock had a trading volume of 839,307 shares, compared to its average volume of 2,700,441. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $88.31. The company has a market capitalization of $69.01 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The stock's 50-day moving average is $74.36 and its two-hundred day moving average is $76.07. 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 - Get Free Report) TSE: CP last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.71%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 17.93%.

Canadian Pacific Kansas City Company 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.