Pictet North America Advisors SA Has $13.43 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Pictet North America Advisors SA trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 40.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,527 shares of the transportation company's stock after selling 127,514 shares during the quarter. Canadian Pacific Kansas City comprises 1.3% of Pictet North America Advisors SA's portfolio, making the stock its 23rd largest holding. Pictet North America Advisors SA's holdings in Canadian Pacific Kansas City were worth $13,426,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CP. CWM LLC increased its stake in Canadian Pacific Kansas City by 5.0% during the 3rd quarter. CWM LLC now owns 7,425 shares of the transportation company's stock valued at $635,000 after buying an additional 352 shares during the period. Procyon Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $259,000. Creative Planning raised its holdings in Canadian Pacific Kansas City by 9.6% during the third quarter. Creative Planning now owns 143,058 shares of the transportation company's stock worth $12,237,000 after purchasing an additional 12,558 shares in the last quarter. Asset Dedication LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter worth approximately $38,000. Finally, Vontobel Holding Ltd. boosted its stake in Canadian Pacific Kansas City by 13.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 5,227 shares of the transportation company's stock valued at $447,000 after purchasing an additional 639 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 2.3 %

NYSE:CP traded up $1.78 during trading hours on Tuesday, hitting $79.30. 2,052,240 shares of the company's stock traded hands, compared to its average volume of 3,173,066. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The firm has a market cap of $74.03 billion, a P/E ratio of 27.34, a P/E/G ratio of 2.02 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock's fifty day moving average price is $75.78 and its two-hundred day moving average price is $78.58.

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 for the quarter, beating analysts' consensus estimates 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, research analysts expect that Canadian Pacific Kansas City Limited will post 3.4 earnings per share 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. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 18.62%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CP. Wells Fargo & Company dropped their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Susquehanna cut their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research note on Thursday, January 16th. Barclays dropped their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, Loop Capital cut shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.