Canadian Pacific Kansas City Limited (NYSE:CP) Stake Reduced by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 35.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 546,109 shares of the transportation company's stock after selling 304,121 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of Canadian Pacific Kansas City worth $39,521,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $33,000. FSA Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter worth approximately $34,000. Stonebridge Financial Group LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $34,000. YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $36,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CP. Citigroup upped their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Susquehanna cut their price objective 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. Stephens boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target for the company in a research report on Wednesday, January 8th. Finally, Barclays lowered their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Wednesday. 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 company's stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.68.

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Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded down $0.22 during mid-day trading on Friday, hitting $70.26. The company had a trading volume of 6,834,637 shares, compared to its average volume of 2,589,296. Canadian Pacific Kansas City Limited has a 12 month low of $67.38 and a 12 month high of $89.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm's 50 day simple moving average is $75.73 and its two-hundred day simple moving average is $77.00. The stock has a market cap of $65.60 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS 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, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.75%. Canadian Pacific Kansas City's payout ratio is 17.93%.

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.