Canoe Financial LP Decreases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Canoe Financial LP reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 99.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,979 shares of the transportation company's stock after selling 569,035 shares during the period. Canoe Financial LP's holdings in Canadian Pacific Kansas City were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Grove Bank & Trust boosted its holdings 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 valued at $31,000 after purchasing an additional 130 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock valued at $34,000 after purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $34,000. Asset Dedication LLC bought a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $38,000. Finally, Kennebec Savings Bank bought a new stake in Canadian Pacific Kansas City during the 3rd quarter worth $42,000. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CP. Bank of America cut 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 report on Thursday, October 24th. Wells Fargo & Company lowered their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Stephens upgraded Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $81.00 to $88.00 in a report on Monday, January 6th. Wolfe Research raised Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price for the company in a research report on Wednesday, January 8th. Finally, Barclays reduced their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $92.63.

Canadian Pacific Kansas City Stock Performance

CP traded up $0.24 during mid-day trading on Friday, reaching $74.80. 3,153,832 shares of the company traded hands, compared to its average volume of 2,119,487. The company's fifty day moving average price is $74.69 and its 200-day moving average price is $79.17. The stock has a market capitalization of $69.83 billion, a P/E 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. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the company posted $0.69 EPS. The firm's revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.02 EPS 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. Investors of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.75%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 19.29%.

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.