Premier Fund Managers Ltd Lowers Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Premier Fund Managers Ltd decreased its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,616 shares of the transportation company's stock after selling 13,700 shares during the period. Premier Fund Managers Ltd's holdings in Canadian Pacific Kansas City were worth $19,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $2,602,000. Oak Family Advisors LLC purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $262,000. Barclays PLC grew its position in Canadian Pacific Kansas City by 2.8% during the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock worth $250,602,000 after purchasing an additional 81,111 shares during the period. Toronto Dominion Bank raised its stake in shares of Canadian Pacific Kansas City by 20.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company's stock valued at $178,189,000 after buying an additional 352,534 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $249,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Remove Ads

Canadian Pacific Kansas City Trading Up 0.4 %

Shares of CP traded up $0.31 during midday trading on Tuesday, reaching $70.52. The company had a trading volume of 775,830 shares, compared to its average volume of 3,134,892. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $76.36 and a 200-day simple moving average of $77.31. Canadian Pacific Kansas City Limited has a 1-year low of $68.00 and a 1-year high of $89.26. The stock has a market cap of $65.84 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal 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. This represents a $0.53 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.93%.

Analyst Ratings Changes

CP has been the subject of several recent research reports. Susquehanna reduced their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating for the company in a research report on Thursday, March 27th. Wells Fargo & Company decreased their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target on the stock in a research report on Wednesday, January 8th. Loop Capital lowered shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Finally, Stephens lifted their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research note 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.95.

About Canadian Pacific Kansas City

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.