Sovran Advisors LLC Purchases Shares of 3,290 Canadian Pacific Kansas City Limited (NYSE:CP)

Sovran Advisors LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,290 shares of the transportation company's stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of Canadian Pacific Kansas City by 5.0% during the third quarter. CWM LLC now owns 7,425 shares of the transportation company's stock valued at $635,000 after purchasing an additional 352 shares during the last quarter. Procyon Advisors LLC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth about $259,000. Creative Planning lifted its stake 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 valued at $12,237,000 after buying an additional 12,558 shares in the last quarter. Asset Dedication LLC acquired a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $38,000. Finally, Vontobel Holding Ltd. raised its holdings in shares of Canadian Pacific Kansas City by 13.9% during the third quarter. Vontobel Holding Ltd. now owns 5,227 shares of the transportation company's stock valued at $447,000 after acquiring an additional 639 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CP shares. Susquehanna decreased their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. StockNews.com downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Stifel Nicolaus dropped their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada raised their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, Loop Capital downgraded Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded down $0.75 on Monday, reaching $77.53. 1,443,172 shares of the stock were exchanged, compared to its average volume of 3,555,155. 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 fifty day moving average price of $75.74 and a two-hundred day moving average price of $78.60. The stock has a market cap of $72.38 billion, a PE ratio of 26.73, a PEG ratio of 2.02 and a beta of 0.97. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results 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 return on equity of 8.86% and a net margin of 25.51%. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.4 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is currently 18.62%.

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.