Massachusetts Financial Services Co. MA Trims Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Massachusetts Financial Services Co. MA reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,568,549 shares of the transportation company's stock after selling 860,269 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.67% of Canadian Pacific Kansas City worth $1,126,696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. RFG Bristol Wealth Advisors LLC bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth $277,000. Geode Capital Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 27.2% during the fourth quarter. Geode Capital Management LLC now owns 5,511,465 shares of the transportation company's stock valued at $404,849,000 after buying an additional 1,179,108 shares during the last quarter. Tradewinds LLC. increased its position in shares of Canadian Pacific Kansas City by 9.1% during the fourth quarter. Tradewinds LLC. now owns 4,169 shares of the transportation company's stock worth $326,000 after acquiring an additional 346 shares in the last quarter. Cannell & Spears LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $2,729,000. Finally, Summit Financial LLC boosted its stake in Canadian Pacific Kansas City by 9.1% during the 4th quarter. Summit Financial LLC now owns 5,514 shares of the transportation company's stock valued at $399,000 after purchasing an additional 462 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

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Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded down $0.22 during midday trading on Friday, reaching $70.26. The stock had a trading volume of 6,834,637 shares, compared to its average volume of 2,594,950. The firm has a market capitalization of $65.60 billion, a PE ratio of 24.23, a P/E/G ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a 12 month low of $68.00 and a 12 month high of $89.26. 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 firm's 50-day moving average price is $75.73 and its 200 day moving average price is $76.94.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is presently 17.93%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CP. StockNews.com lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Citigroup lifted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Wells Fargo & Company lowered their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus cut their price target 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. Finally, Susquehanna decreased 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 note on Thursday, March 27th. Two 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's stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.68.

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.