Korea Investment CORP Sells 241,157 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Korea Investment CORP lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 26.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 685,624 shares of the transportation company's stock after selling 241,157 shares during the quarter. Korea Investment CORP owned approximately 0.07% of Canadian Pacific Kansas City worth $49,617,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Canadian Pacific Kansas City by 281.0% in 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 purchasing an additional 2,532,519 shares during the period. National Bank of Canada FI increased its holdings in Canadian Pacific Kansas City by 84.4% in the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company's stock worth $251,778,000 after purchasing an additional 1,348,474 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $74,168,000. M.D. Sass LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $61,076,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Canadian Pacific Kansas City by 36.6% during 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 period. Institutional investors own 72.20% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CP shares. Stifel Nicolaus cut their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research note on Thursday, January 16th. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Barclays decreased their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. StockNews.com lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Finally, Susquehanna decreased their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating for the company in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $94.95.

Canadian Pacific Kansas City Stock Up 1.3 %

Shares of CP traded up $0.90 during trading hours on Tuesday, reaching $71.11. 2,355,562 shares of the stock traded hands, compared to its average volume of 2,536,429. Canadian Pacific Kansas City Limited has a 52 week low of $68.00 and a 52 week high of $89.26. The company has a market cap of $66.40 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 2.00 and a beta of 0.98. The stock has a fifty day simple moving average of $76.23 and a 200 day simple moving average of $77.20. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed 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 is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.74%. Canadian Pacific Kansas City's dividend payout ratio is currently 17.93%.

About Canadian Pacific Kansas City

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.