Peapack Gladstone Financial Corp Decreases Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Peapack Gladstone Financial Corp reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 17.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,288 shares of the transportation company's stock after selling 6,271 shares during the period. Peapack Gladstone Financial Corp's holdings in Canadian Pacific Kansas City were worth $2,120,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CP. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at approximately $33,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $34,000. YANKCOM Partnership purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. Millstone Evans Group LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $36,000. Finally, Curio Wealth LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Up 3.4 %

CP traded up $2.42 during trading hours on Friday, hitting $73.63. 4,606,826 shares of the company's stock were exchanged, compared to its average volume of 2,692,661. The firm has a market cap of $68.74 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $88.31. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $74.62 and a 200 day moving average of $76.19.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data 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%. 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is presently 17.93%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CP. Royal Bank of Canada lifted their price objective 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. Loop Capital downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Susquehanna decreased their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a report on Thursday, March 27th. Wells Fargo & Company cut their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Finally, Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average target price of $93.55.

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.