Beutel Goodman & Co Ltd. Trims Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Beutel Goodman & Co Ltd. cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,640,834 shares of the transportation company's stock after selling 84,916 shares during the period. Canadian Pacific Kansas City makes up approximately 1.8% of Beutel Goodman & Co Ltd.'s portfolio, making the stock its 23rd biggest position. Beutel Goodman & Co Ltd. owned approximately 0.50% of Canadian Pacific Kansas City worth $335,848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in Canadian Pacific Kansas City by 61.9% during the third quarter. Thrivent Financial for Lutherans now owns 19,807 shares of the transportation company's stock worth $1,694,000 after acquiring an additional 7,573 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $530,000. Glenmede Trust Co. NA grew its stake in shares of Canadian Pacific Kansas City by 0.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 40,218 shares of the transportation company's stock valued at $3,440,000 after buying an additional 262 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in Canadian Pacific Kansas City by 4,194,400.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,945 shares of the transportation company's stock valued at $3,587,000 after buying an additional 41,944 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Canadian Pacific Kansas City by 0.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 325,689 shares of the transportation company's stock worth $27,886,000 after buying an additional 1,428 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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Canadian Pacific Kansas City Stock Performance

CP traded up $1.12 during trading on Wednesday, hitting $72.17. 1,168,399 shares of the company traded hands, compared to its average volume of 2,531,215. The firm has a market cap of $67.39 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a one year low of $68.00 and a one year high of $89.26. The stock's fifty day moving average is $76.23 and its 200 day moving average is $77.20.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) 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%. As a group, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal 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 0.73%. Canadian Pacific Kansas City's payout ratio is presently 17.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CP shares. Susquehanna lowered their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a research report on Thursday, March 27th. Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective on the stock in a research note on Wednesday, January 8th. 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 for the company in a research report on Tuesday, January 7th. Loop Capital cut shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Finally, Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and a consensus target price of $94.68.

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.