Oppenheimer & Co. Inc. Sells 25,052 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 13.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 158,586 shares of the transportation company's stock after selling 25,052 shares during the period. Oppenheimer & Co. Inc.'s holdings in Canadian Pacific Kansas City were worth $11,477,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. grew its holdings in shares of Canadian Pacific Kansas City by 13.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company's stock worth $90,000 after purchasing an additional 150 shares during the last quarter. BKM Wealth Management LLC grew its stake in Canadian Pacific Kansas City by 2.2% during the fourth quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company's stock worth $526,000 after buying an additional 158 shares during the last quarter. Forte Capital LLC ADV grew its stake in Canadian Pacific Kansas City by 2.4% during the third quarter. Forte Capital LLC ADV now owns 7,415 shares of the transportation company's stock worth $634,000 after buying an additional 173 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Canadian Pacific Kansas City by 12.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company's stock worth $118,000 after buying an additional 175 shares in the last quarter. Finally, Kolinsky Wealth Management LLC raised its stake in shares of Canadian Pacific Kansas City by 3.9% in the third quarter. Kolinsky Wealth Management LLC now owns 4,932 shares of the transportation company's stock valued at $422,000 after acquiring an additional 184 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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Canadian Pacific Kansas City Trading Down 2.7 %

NYSE:CP traded down $2.12 during mid-day trading on Monday, hitting $75.80. The company had a trading volume of 3,334,826 shares, compared to its average volume of 2,962,349. The firm has a market cap of $70.77 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.00 and a beta of 0.97. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The business's fifty day moving average is $76.46 and its two-hundred day moving average is $78.58. 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 released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping 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%. As a group, research analysts expect 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 given a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is currently 17.93%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CP. StockNews.com lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Royal Bank of Canada lifted their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Wells Fargo & Company reduced 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 research report on Tuesday, January 7th. Finally, Citigroup raised their price objective 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. Two equities research 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's stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average price target 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.