Fiera Capital Corp Sells 152,616 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Fiera Capital Corp decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,661,661 shares of the transportation company's stock after selling 152,616 shares during the quarter. Canadian Pacific Kansas City comprises about 1.3% of Fiera Capital Corp's investment portfolio, making the stock its 23rd largest holding. Fiera Capital Corp owned about 0.61% of Canadian Pacific Kansas City worth $409,497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. S&CO Inc. raised its position in Canadian Pacific Kansas City by 183.3% in the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company's stock worth $1,454,000 after acquiring an additional 11,000 shares in the last quarter. Swiss National Bank raised its position in Canadian Pacific Kansas City by 0.8% in the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company's stock worth $241,645,000 after acquiring an additional 23,000 shares in the last quarter. Oak Family Advisors LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $262,000. Barclays PLC raised its holdings in Canadian Pacific Kansas City by 2.8% during the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock worth $250,602,000 after buying an additional 81,111 shares during the period. Finally, Toronto Dominion Bank raised its holdings in Canadian Pacific Kansas City by 20.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company's stock worth $178,189,000 after buying an additional 352,534 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 1.0 %

NYSE CP traded down $0.75 during trading on Friday, hitting $77.53. The stock had a trading volume of 1,443,172 shares, compared to its average volume of 3,555,155. The company has a market capitalization of $72.38 billion, a PE ratio of 26.73, a P/E/G ratio of 2.02 and a beta of 0.97. The company's 50-day moving average price is $75.74 and its two-hundred day moving average price is $78.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.4 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

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

Wall Street Analyst Weigh In

CP has been the topic of several recent analyst reports. Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. StockNews.com downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Barclays cut 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, January 17th. Citigroup boosted their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, Benchmark reissued 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 issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $95.45.

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.