Thoroughbred Financial Services LLC Reduces Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Thoroughbred Financial Services LLC trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 33.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,201 shares of the transportation company's stock after selling 5,526 shares during the period. Thoroughbred Financial Services LLC's holdings in Canadian Pacific Kansas City were worth $810,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CP. Smartleaf Asset Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 18.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company's stock worth $60,000 after buying an additional 133 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in Canadian Pacific Kansas City by 13.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company's stock worth $90,000 after acquiring an additional 150 shares during the last quarter. Wiser Advisor Group LLC lifted its position in Canadian Pacific Kansas City by 9.5% during the fourth quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company's stock worth $125,000 after acquiring an additional 150 shares during the last quarter. BKM Wealth Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 2.2% during the fourth quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company's stock worth $526,000 after acquiring an additional 158 shares during the period. Finally, OneAscent Financial Services LLC grew its position in shares of Canadian Pacific Kansas City by 4.7% in the fourth quarter. OneAscent Financial Services LLC now owns 3,745 shares of the transportation company's stock valued at $271,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CP shares. Stephens lifted their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Susquehanna reduced their target price on 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. StockNews.com downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Wednesday, December 25th. Finally, Jefferies Financial Group reduced their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock 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 issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $93.55.

Canadian Pacific Kansas City Stock Performance

CP traded up $2.42 during mid-day trading on Friday, reaching $73.63. 4,606,826 shares of the company traded hands, compared to its average volume of 2,689,768. The company's fifty day moving average price is $74.62 and its 200-day moving average price is $76.25. The stock has a market capitalization of $68.74 billion, a P/E ratio of 25.39, a P/E/G ratio of 2.00 and a beta of 1.01. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $88.31.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data 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%. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS 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. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date 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%.

Canadian Pacific Kansas City Company 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.