JPMorgan Chase & Co. Sells 340,430 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

JPMorgan Chase & Co. cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 3.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,427,932 shares of the transportation company's stock after selling 340,430 shares during the period. JPMorgan Chase & Co. owned about 0.90% of Canadian Pacific Kansas City worth $609,930,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Mendel Money Management bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth approximately $411,000. Financial Counselors Inc. raised its holdings in Canadian Pacific Kansas City by 15.4% in the 4th quarter. Financial Counselors Inc. now owns 185,670 shares of the transportation company's stock worth $13,437,000 after acquiring an additional 24,792 shares during the period. Mufg Securities Canada LTD. lifted its position in Canadian Pacific Kansas City by 72.1% during the 4th quarter. Mufg Securities Canada LTD. now owns 1,425,248 shares of the transportation company's stock worth $103,128,000 after acquiring an additional 597,144 shares during the last quarter. Morey & Quinn Wealth Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $423,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $89,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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Wall Street Analyst Weigh In

CP has been the topic of several recent analyst reports. Susquehanna dropped their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a research report on Thursday, March 27th. Wells Fargo & Company reduced their price target on shares of 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. Stephens raised their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Barclays reduced their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday. Two equities 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 MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average target price of $94.68.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded up $1.06 during midday trading on Wednesday, hitting $72.11. The company's stock had a trading volume of 805,727 shares, compared to its average volume of 2,529,824. 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 company has a market cap of $67.33 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.00 and a beta of 0.98. The company has a 50-day moving average price of $76.23 and a two-hundred day moving average price of $77.20. Canadian Pacific Kansas City Limited has a 1-year low of $68.00 and a 1-year high of $89.26.

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 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 predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.73%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 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.