Boston Common Asset Management LLC Lowers Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Boston Common Asset Management LLC lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,774 shares of the transportation company's stock after selling 8,689 shares during the period. Boston Common Asset Management LLC's holdings in Canadian Pacific Kansas City were worth $6,207,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. grew its holdings in shares of Canadian Pacific Kansas City by 1.2% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 263,557 shares of the transportation company's stock valued at $19,108,000 after buying an additional 3,120 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in Canadian Pacific Kansas City by 13.6% in the 4th 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. Founders Grove Wealth Partners LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $257,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Canadian Pacific Kansas City by 12.0% in the 4th 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. Finally, Park Avenue Securities LLC raised its stake in shares of Canadian Pacific Kansas City by 5.1% in the fourth quarter. Park Avenue Securities LLC now owns 38,831 shares of the transportation company's stock worth $2,811,000 after purchasing an additional 1,879 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CP shares. Wells Fargo & Company reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Sanford C. Bernstein reduced their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research note on Wednesday, October 9th. Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research report on Thursday. Evercore ISI lifted their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 25th. Finally, Bank of America lowered their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and a consensus price target of $92.63.

Canadian Pacific Kansas City Price Performance

NYSE:CP traded up $0.24 on Friday, reaching $74.80. 3,153,832 shares of the company's stock traded hands, compared to its average volume of 2,119,487. The firm has a market cap of $69.83 billion, a PE ratio of 26.71, a P/E/G ratio of 1.89 and a beta of 0.96. 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 stock has a 50-day simple moving average of $74.69 and a 200-day simple moving average of $79.17. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). The business had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.02 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 19.29%.

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.