Mitchell Capital Management Co. Sells 9,547 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Mitchell Capital Management Co. lessened its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 26.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 26,626 shares of the transportation company's stock after selling 9,547 shares during the period. Mitchell Capital Management Co.'s holdings in Canadian Pacific Kansas City were worth $1,927,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Canadian Pacific Kansas City by 281.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock worth $252,912,000 after acquiring an additional 2,532,519 shares in the last quarter. National Bank of Canada FI increased its holdings in Canadian Pacific Kansas City by 84.4% during the 3rd 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. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in 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 purchasing an additional 769,202 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter worth approximately $63,179,000. Finally, Fisher Funds Management LTD bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $44,008,000. Institutional investors own 72.20% of the company's stock.

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Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded up $2.64 during trading hours on Wednesday, reaching $76.88. The company had a trading volume of 2,622,471 shares, compared to its average volume of 2,953,740. The firm has a market cap of $71.78 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business has a fifty day simple moving average of $76.53 and a 200 day simple moving average of $78.52.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued 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 return on equity of 8.86% and a net margin of 25.51%. On average, analysts anticipate 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 company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City's dividend payout ratio is currently 17.93%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. Susquehanna reduced their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Barclays dropped their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company cut their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Finally, Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average target price of $95.45.

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.