Groupama Asset Managment Cuts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Groupama Asset Managment reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 97.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,943 shares of the transportation company's stock after selling 739,191 shares during the quarter. Groupama Asset Managment's holdings in Canadian Pacific Kansas City were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Canadian Pacific Kansas City by 27.2% in the fourth quarter. Geode Capital Management LLC now owns 5,511,465 shares of the transportation company's stock worth $404,849,000 after purchasing an additional 1,179,108 shares during the last quarter. Tradewinds LLC. lifted its stake in shares of Canadian Pacific Kansas City by 9.1% in the 4th quarter. Tradewinds LLC. now owns 4,169 shares of the transportation company's stock valued at $326,000 after acquiring an additional 346 shares during the last quarter. Cannell & Spears LLC bought a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $2,729,000. Summit Financial LLC raised its holdings in Canadian Pacific Kansas City by 9.1% during the 4th quarter. Summit Financial LLC now owns 5,514 shares of the transportation company's stock valued at $399,000 after buying an additional 462 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in Canadian Pacific Kansas City by 260.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,457,682 shares of the transportation company's stock valued at $105,492,000 after purchasing an additional 1,053,570 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Analysts Set New Price Targets

Several analysts have commented on CP shares. Wells Fargo & Company lowered their price objective on shares of 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. Barclays lowered their target price on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Loop Capital lowered Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Finally, Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus target price of $94.68.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded down $2.20 during trading hours on Monday, hitting $67.99. The company's stock had a trading volume of 2,700,470 shares, compared to its average volume of 2,595,924. The company has a market cap of $63.48 billion, a PE ratio of 23.38, a PEG ratio of 2.00 and a beta of 1.01. 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 50 day moving average price of $75.73 and a two-hundred day moving average price of $76.87. Canadian Pacific Kansas City Limited has a 12-month low of $67.10 and a 12-month high of $89.26.

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

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 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.