Kornitzer Capital Management Inc. KS Has $6.36 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Kornitzer Capital Management Inc. KS trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,813 shares of the transportation company's stock after selling 3,938 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Canadian Pacific Kansas City were worth $6,355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Canadian Pacific Kansas City by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock worth $750,046,000 after acquiring an additional 381,594 shares in the last quarter. Franklin Resources Inc. raised its holdings in Canadian Pacific Kansas City by 9.7% during the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock valued at $501,219,000 after buying an additional 537,418 shares in the last quarter. Fiera Capital Corp raised its holdings in Canadian Pacific Kansas City by 1.9% during the third quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company's stock valued at $497,918,000 after buying an additional 107,183 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd raised its holdings in Canadian Pacific Kansas City by 1.7% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company's stock valued at $368,661,000 after buying an additional 85,542 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Canadian Pacific Kansas City by 7.8% during the third quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company's stock valued at $373,540,000 after buying an additional 313,298 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

CP stock traded down $0.84 during trading on Friday, reaching $77.32. 2,375,388 shares of the stock were exchanged, compared to its average volume of 3,064,038. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a market capitalization of $72.19 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97. The stock has a 50 day simple moving average of $75.97 and a 200-day simple moving average of $78.58. 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 released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share 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, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business 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 dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is 18.62%.

Analyst Ratings Changes

CP has been the topic of several recent research reports. Loop Capital lowered Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Barclays cut their target price 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. Susquehanna cut their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada raised their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price on the stock in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus price target 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.