FIL Ltd Trims Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

FIL Ltd lessened its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 41.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,245,152 shares of the transportation company's stock after selling 5,038,329 shares during the quarter. FIL Ltd owned 0.78% of Canadian Pacific Kansas City worth $524,573,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CP. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $33,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $34,000. YANKCOM Partnership purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $36,000. Millstone Evans Group LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $36,000. Finally, Curio Wealth LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CP. Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target on the stock in a research note on Wednesday, January 8th. Loop Capital lowered shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Argus set a $90.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. StockNews.com cut shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Finally, Stifel Nicolaus lowered their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $93.55.

Canadian Pacific Kansas City Price Performance

CP stock traded up $2.42 during trading on Friday, hitting $73.63. The stock had a trading volume of 4,606,826 shares, compared to its average volume of 2,692,661. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $88.31. The company's 50-day moving average price is $74.62 and its two-hundred day moving average price is $76.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $68.74 billion, a P/E ratio of 25.39, a PEG ratio of 2.00 and a beta of 1.01.

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%. As a group, research analysts predict 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 announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) 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.