Connor Clark & Lunn Investment Management Ltd. Lowers Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,267,654 shares of the transportation company's stock after selling 407,127 shares during the period. Canadian Pacific Kansas City comprises about 1.4% of Connor Clark & Lunn Investment Management Ltd.'s portfolio, making the stock its 17th largest position. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.46% of Canadian Pacific Kansas City worth $308,606,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Canadian Pacific Kansas City by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock worth $750,046,000 after acquiring an additional 381,594 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Canadian Pacific Kansas City by 9.7% during the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock valued at $501,219,000 after buying an additional 537,418 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd boosted its holdings in shares of Canadian Pacific Kansas City by 1.7% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company's stock valued at $368,661,000 after buying an additional 85,542 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Canadian Pacific Kansas City by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company's stock worth $373,540,000 after buying an additional 313,298 shares during the last quarter. Finally, Cantillon Capital Management LLC raised its stake in shares of Canadian Pacific Kansas City by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 3,725,023 shares of the transportation company's stock worth $269,580,000 after acquiring an additional 19,871 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on CP. Barclays cut their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Wells Fargo & Company reduced 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 report on Tuesday, January 7th. StockNews.com cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Wednesday, December 25th. 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, Susquehanna decreased their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating for the company in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average price target of $95.45.

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Canadian Pacific Kansas City Stock Down 1.7 %

Shares of CP stock opened at $73.08 on Wednesday. The stock has a market cap of $68.23 billion, a P/E ratio of 25.20, a P/E/G ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The stock has a 50 day moving average of $76.87 and a 200 day moving average of $78.37. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share 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%. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is 17.93%.

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.

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