Russell Investments Group Ltd. Sells 42,820 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Russell Investments Group Ltd. decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 743,246 shares of the transportation company's stock after selling 42,820 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Canadian Pacific Kansas City worth $53,788,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Canadian Pacific Kansas City by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company's stock worth $2,662,978,000 after purchasing an additional 491,966 shares during the period. Norges Bank purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at $914,090,000. JPMorgan Chase & Co. boosted its holdings in shares of Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock valued at $750,046,000 after buying an additional 381,594 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Canadian Pacific Kansas City by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock worth $501,219,000 after buying an additional 537,418 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Canadian Pacific Kansas City by 27.2% in the 4th quarter. Geode Capital Management LLC now owns 5,511,465 shares of the transportation company's stock worth $404,849,000 after acquiring an additional 1,179,108 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CP shares. Stifel Nicolaus dropped 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. Royal Bank of Canada boosted their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Susquehanna cut their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a research note on Thursday, March 27th. Jefferies Financial Group lowered their price objective on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Stephens increased their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $93.55.

Canadian Pacific Kansas City Stock Performance

NYSE:CP traded up $2.42 during mid-day trading on Friday, reaching $73.63. The company's stock had a trading volume of 4,606,826 shares, compared to its average volume of 2,689,768. 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 stock has a market cap of $68.74 billion, a P/E ratio of 25.39, a PEG ratio of 2.00 and a beta of 1.01. The firm's fifty day moving average price is $74.62 and its two-hundred day moving average price is $76.25. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $88.31.

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, beating 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%. On average, equities 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 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.72%. Canadian Pacific Kansas City's dividend payout ratio is presently 17.93%.

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.