Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 393,030 shares of the transportation company's stock after selling 40,872 shares during the quarter. Canadian Pacific Kansas City comprises about 2.0% of Cumberland Partners Ltd's investment portfolio, making the stock its 17th biggest position. Cumberland Partners Ltd's holdings in Canadian Pacific Kansas City were worth $28,394,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CP. Allspring Global Investments Holdings LLC boosted its position in Canadian Pacific Kansas City by 281.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock valued at $252,912,000 after acquiring an additional 2,532,519 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Canadian Pacific Kansas City by 84.4% in the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company's stock valued at $251,778,000 after buying an additional 1,348,474 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Canadian Pacific Kansas City by 36.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company's stock worth $245,403,000 after buying an additional 769,202 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $63,179,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Canadian Pacific Kansas City by 39.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company's stock valued at $172,132,000 after acquiring an additional 565,783 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded down $0.66 during trading hours on Friday, reaching $77.50. The stock had a trading volume of 1,699,454 shares, compared to its average volume of 3,042,173. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $72.36 billion, a PE ratio of 26.75, a PEG ratio of 2.02 and a beta of 0.97. The stock's 50 day moving average is $75.97 and its 200 day moving average is $78.58.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is presently 18.62%.

Analyst Ratings Changes

CP has been the subject of a number of research analyst reports. Stephens increased their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. StockNews.com downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Citigroup raised their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Loop Capital lowered shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Finally, Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $95.45.

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.