Phraction Management LLC Grows Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Phraction Management LLC increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 53.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,306 shares of the transportation company's stock after buying an additional 4,641 shares during the quarter. Phraction Management LLC's holdings in Canadian Pacific Kansas City were worth $963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Grove Bank & Trust grew its stake in shares of Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after acquiring an additional 130 shares in the last quarter. Addison Advisors LLC grew its position in Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after purchasing an additional 279 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $34,000. Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $38,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $34,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE CP traded down $0.75 during trading hours on Monday, hitting $77.53. The company had a trading volume of 1,443,172 shares, compared to its average volume of 3,555,155. The firm has a 50 day simple moving average of $75.74 and a 200 day simple moving average of $78.60. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58. The firm has a market capitalization of $72.38 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 2.02 and a beta of 0.97. 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 issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating 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%. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed 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 of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.68%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 18.62%.

Analyst Upgrades and Downgrades

CP has been the subject of a number of research analyst reports. Barclays decreased their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. StockNews.com lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Citigroup boosted their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Finally, Bank of America dropped their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus price target of $95.45.

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.