M&T Bank Corp Sells 21,218 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

M&T Bank Corp decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 21.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,267 shares of the transportation company's stock after selling 21,218 shares during the quarter. M&T Bank Corp's holdings in Canadian Pacific Kansas City were worth $5,664,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CP. Allspring Global Investments Holdings LLC raised its stake in Canadian Pacific Kansas City by 281.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock worth $252,912,000 after purchasing an additional 2,532,519 shares in the last quarter. National Bank of Canada FI raised its position in shares of Canadian Pacific Kansas City by 84.4% in the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company's stock valued at $251,778,000 after buying an additional 1,348,474 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Canadian Pacific Kansas City by 36.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company's stock valued at $245,403,000 after buying an additional 769,202 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $63,179,000. Finally, Fisher Funds Management LTD acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $44,008,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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Canadian Pacific Kansas City Stock Down 0.9 %

CP stock traded down $0.70 during trading on Friday, hitting $77.69. 3,049,057 shares of the stock traded hands, compared to its average volume of 2,962,722. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. The firm's 50 day moving average is $76.81 and its two-hundred day moving average is $78.49. The stock has a market cap of $72.54 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its 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%. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders 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 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 17.93%.

Analyst Upgrades and Downgrades

CP has been the subject of several analyst reports. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Wells Fargo & Company lowered their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating for the company in a research report on Thursday, January 16th. Finally, Royal Bank of Canada upped their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.45.

Canadian Pacific Kansas City 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.