Congress Wealth Management LLC DE Sells 6,114 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Congress Wealth Management LLC DE reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,748 shares of the transportation company's stock after selling 6,114 shares during the quarter. Congress Wealth Management LLC DE's holdings in Canadian Pacific Kansas City were worth $3,238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CP. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $33,000. FSA Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter worth $34,000. Stonebridge Financial Group LLC bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $34,000. YANKCOM Partnership purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $36,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $36,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Up 1.2 %

NYSE CP traded up $0.84 on Monday, hitting $70.26. 3,611,062 shares of the stock were exchanged, compared to its average volume of 2,530,762. Canadian Pacific Kansas City Limited has a 52-week low of $68.00 and a 52-week high of $89.26. The firm has a market capitalization of $65.60 billion, a P/E ratio of 24.23, a P/E/G ratio of 2.00 and a beta of 0.98. 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 stock has a fifty day moving average price of $76.36 and a two-hundred day moving average price of $77.31.

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Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results 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%. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal 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 issued a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is currently 17.93%.

Analyst Ratings Changes

CP has been the topic of several recent analyst reports. Wells Fargo & Company decreased their target price on 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. Loop Capital cut shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Barclays dropped their target price on shares of 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 downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Finally, Royal Bank of Canada increased their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $94.95.

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.