Canadian Pacific Kansas City Limited (NYSE:CP) Position Cut by Mariner LLC

Mariner LLC lowered its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,197 shares of the transportation company's stock after selling 11,819 shares during the quarter. Mariner LLC's holdings in Canadian Pacific Kansas City were worth $8,916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kestra Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $33,000. Stonebridge Financial Group LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $34,000. YANKCOM Partnership purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth $36,000. Millstone Evans Group LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $36,000. Finally, Curio Wealth LLC bought a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $39,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CP has been the topic of several research reports. Royal Bank of Canada raised their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. StockNews.com downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Citigroup reduced their price objective on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Susquehanna lowered their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating for the company in a research report on Thursday, March 27th. Finally, Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $91.16.

Canadian Pacific Kansas City Price Performance

NYSE CP traded down $0.02 during mid-day trading on Thursday, hitting $72.91. The stock had a trading volume of 1,129,507 shares, compared to its average volume of 3,431,390. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. 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 50 day simple moving average of $73.92 and a 200 day simple moving average of $75.73. The company has a market cap of $67.82 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 2.00 and a beta of 1.01.

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, beating analysts' consensus estimates 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%. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors 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 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is 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.