Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC cut its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,155 shares of the transportation company's stock after selling 6,817 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Canadian Pacific Kansas City were worth $11,367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CP. Norges Bank acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $914,090,000. Allspring Global Investments Holdings LLC increased its position in shares of 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 during the last quarter. National Bank of Canada FI raised its stake 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 purchasing an additional 1,348,474 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $74,168,000. Finally, M.D. Sass LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter worth about $61,076,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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Canadian Pacific Kansas City Stock Performance

CP traded down $0.22 during trading hours on Friday, hitting $70.26. The company's stock had a trading volume of 6,834,637 shares, compared to its average volume of 2,594,950. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.00 and a fifty-two week high of $89.26. The company has a 50-day simple moving average of $75.73 and a 200 day simple moving average of $76.94. The firm has a market capitalization of $65.60 billion, a PE ratio of 24.23, a PEG ratio of 2.00 and a beta of 1.01.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share 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%. As a group, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis 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 currently 17.93%.

Analyst Ratings Changes

A number of research analysts have commented on CP shares. Royal Bank of Canada increased their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Barclays reduced their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday. Citigroup increased their target price 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. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Finally, Stephens increased their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $94.68.

Canadian Pacific Kansas City Company 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.