Granite Investment Partners LLC Cuts Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Granite Investment Partners LLC decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 19.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,336 shares of the transportation company's stock after selling 4,960 shares during the quarter. Granite Investment Partners LLC's holdings in Canadian Pacific Kansas City were worth $1,472,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $33,000. Stonebridge Financial Group LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $34,000. YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $36,000. Millstone Evans Group LLC bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $36,000. Finally, Curio Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $39,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 2.2 %

Shares of CP traded up $1.64 during midday trading on Friday, hitting $74.55. 1,729,295 shares of the stock were exchanged, compared to its average volume of 2,707,584. 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 firm has a market cap of $69.35 billion, a P/E ratio of 25.71, a P/E/G ratio of 2.00 and a beta of 1.01. The stock has a fifty day simple moving average of $74.29 and a 200 day simple moving average of $75.99. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $88.31.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts' consensus estimates 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%. On average, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 17.93%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CP. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. 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 for the company in a research report on Wednesday, January 8th. Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research report on Monday. Barclays lowered their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company lowered their target price 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $93.75.

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.