Canadian Pacific Kansas City Limited (NYSE:CP) Stock Position Lowered by Cohen Klingenstein LLC

Cohen Klingenstein LLC decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 41.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,813 shares of the transportation company's stock after selling 80,175 shares during the period. Cohen Klingenstein LLC's holdings in Canadian Pacific Kansas City were worth $8,164,000 at the end of the most recent reporting period.

Other large investors also recently 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 third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock valued at $31,000 after buying an additional 130 shares in the last quarter. Addison Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 246.9% during the third 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 period. FSA Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the third quarter valued at $34,000. Asset Dedication LLC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at $38,000. Finally, Kennebec Savings Bank purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

CP stock traded up $0.24 during mid-day trading on Friday, reaching $74.80. The company had a trading volume of 3,153,832 shares, compared to its average volume of 2,119,487. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. 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. The stock's 50-day simple moving average is $74.69 and its two-hundred day simple moving average is $79.17.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.02 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's payout ratio is 19.29%.

Analyst Upgrades and Downgrades

CP has been the subject of several recent analyst reports. Susquehanna lowered their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Barclays dropped their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating on the stock in a report on Friday. Stifel Nicolaus reduced their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating for the company in a research note on Thursday. Bank of America dropped their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Finally, Wells Fargo & Company reduced their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus price target of $92.63.

Canadian Pacific Kansas City 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.