Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 50.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,419 shares of the transportation company's stock after selling 5,605 shares during the quarter. Level Four Advisory Services LLC's holdings in Canadian Pacific Kansas City were worth $392,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Canadian Pacific Kansas City by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company's stock worth $2,662,978,000 after buying an additional 491,966 shares during the period. Norges Bank acquired a new position in Canadian Pacific Kansas City during the 4th quarter worth about $914,090,000. JPMorgan Chase & Co. boosted its holdings in Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock valued at $750,046,000 after acquiring an additional 381,594 shares during the period. Franklin Resources Inc. increased its stake in Canadian Pacific Kansas City by 9.7% during the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock worth $501,219,000 after purchasing an additional 537,418 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd lifted its position in shares of Canadian Pacific Kansas City by 1.7% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company's stock worth $368,661,000 after purchasing an additional 85,542 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded down $0.22 during trading hours on Friday, reaching $70.26. The stock had a trading volume of 6,834,637 shares, compared to its average volume of 2,594,950. The firm has a 50-day moving average of $75.73 and a 200-day moving average of $76.94. The firm has a market cap of $65.60 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 2.00 and a beta of 1.01. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.00 and a fifty-two week high of $89.26.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate 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%. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued 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 0.75%. Canadian Pacific Kansas City's payout ratio is 17.93%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CP. Wells Fargo & Company dropped 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 cut their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Finally, Wolfe Research raised Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective for the company in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.