First Foundation Advisors Sells 18,441 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

First Foundation Advisors lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,437 shares of the transportation company's stock after selling 18,441 shares during the period. First Foundation Advisors' holdings in Canadian Pacific Kansas City were worth $12,696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CP. Norges Bank bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $914,090,000. Allspring Global Investments Holdings LLC lifted 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 worth $252,912,000 after buying an additional 2,532,519 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Canadian Pacific Kansas City by 25.7% during the 4th quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock worth $770,526,000 after buying an additional 2,177,604 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 27.2% in the 4th quarter. Geode Capital Management LLC now owns 5,511,465 shares of the transportation company's stock valued at $404,849,000 after acquiring an additional 1,179,108 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Canadian Pacific Kansas City by 260.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,457,682 shares of the transportation company's stock worth $105,492,000 after acquiring an additional 1,053,570 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP traded down $0.40 during midday trading on Tuesday, hitting $73.53. The stock had a trading volume of 1,273,320 shares, compared to its average volume of 2,691,701. The company's 50-day moving average price is $74.54 and its 200-day moving average price is $76.11. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $88.31. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $68.40 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results 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 return on equity of 8.86% and a net margin of 25.51%. As a group, equities 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. Shareholders 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 yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is 17.93%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CP. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. StockNews.com lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Wednesday, December 25th. Jefferies Financial Group cut their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada raised their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Finally, 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 report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.75.

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.