OneDigital Investment Advisors LLC Cuts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

OneDigital Investment Advisors LLC reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 37.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,668 shares of the transportation company's stock after selling 34,731 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Canadian Pacific Kansas City were worth $4,246,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CP. State of Tennessee Department of Treasury boosted its position in shares of Canadian Pacific Kansas City by 0.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 964,645 shares of the transportation company's stock valued at $69,810,000 after buying an additional 4,868 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its stake in Canadian Pacific Kansas City by 30.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 108,527 shares of the transportation company's stock valued at $7,854,000 after acquiring an additional 25,564 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 5.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,724,786 shares of the transportation company's stock valued at $124,615,000 after acquiring an additional 83,176 shares during the last quarter. Transatlantique Private Wealth LLC grew its stake in shares of Canadian Pacific Kansas City by 1.6% in the fourth quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock worth $728,000 after acquiring an additional 157 shares during the period. Finally, Transce3nd LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $157,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 0.3 %

Shares of CP stock opened at $72.86 on Wednesday. The stock has a fifty day simple moving average of $74.01 and a two-hundred day simple moving average of $75.75. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $88.31. The firm has a market capitalization of $67.78 billion, a PE ratio of 25.12, a PEG ratio of 2.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

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 earnings per share (EPS) for the quarter, beating 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 predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.93%.

Analyst Upgrades and Downgrades

CP has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Citigroup reduced their price objective on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada raised their target price on 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. Stifel Nicolaus reduced their price target on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company dropped their price objective 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $91.16.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.