Canadian Pacific Kansas City Limited (NYSE:CP) Position Trimmed by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 52.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,951 shares of the transportation company's stock after selling 5,565 shares during the period. Legacy Capital Wealth Partners LLC's holdings in Canadian Pacific Kansas City were worth $358,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CP. S&CO Inc. raised its position in shares of Canadian Pacific Kansas City by 183.3% during the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company's stock valued at $1,454,000 after acquiring an additional 11,000 shares in the last quarter. Swiss National Bank raised its holdings in shares of Canadian Pacific Kansas City by 0.8% during the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company's stock worth $241,645,000 after purchasing an additional 23,000 shares during the period. Oak Family Advisors LLC bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth about $262,000. Barclays PLC lifted its position in shares of Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock worth $250,602,000 after buying an additional 81,111 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Canadian Pacific Kansas City by 20.4% in the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company's stock valued at $178,189,000 after buying an additional 352,534 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded down $0.31 during mid-day trading on Thursday, hitting $78.01. 1,544,381 shares of the stock traded hands, compared to its average volume of 3,084,893. 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 debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company's 50-day simple moving average is $75.90 and its 200-day simple moving average is $78.58. The firm has a market cap of $72.83 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 2.04 and a beta of 0.97.

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 (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, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors 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 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is presently 18.62%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. 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 report on Thursday, January 16th. Barclays reduced their price objective 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. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Susquehanna reduced their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Finally, Loop Capital cut shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.