MML Investors Services LLC Has $7.67 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

MML Investors Services LLC cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 22.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,946 shares of the transportation company's stock after selling 31,482 shares during the quarter. MML Investors Services LLC's holdings in Canadian Pacific Kansas City were worth $7,667,000 as of its most recent SEC filing.

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

Canadian Pacific Kansas City Stock Down 1.0 %

Canadian Pacific Kansas City stock traded down $0.69 during mid-day trading on Monday, hitting $71.79. The company's stock had a trading volume of 3,212,551 shares, compared to its average volume of 2,708,443. 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 market cap of $66.78 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. 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 firm's 50 day moving average is $73.69 and its 200 day moving average is $75.54.

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, topping 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%. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current 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 issued a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.73%. Canadian Pacific Kansas City's dividend payout ratio is 17.93%.

Wall Street Analyst Weigh In

CP has been the subject of several research analyst reports. Susquehanna reduced 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 report on Thursday, March 27th. Barclays decreased their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Loop Capital lowered shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Jefferies Financial Group cut their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Citigroup lowered their price target on 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $91.33.

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.