Titan Global Capital Management USA LLC Sells 4,783 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Titan Global Capital Management USA LLC cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,121 shares of the transportation company's stock after selling 4,783 shares during the period. Titan Global Capital Management USA LLC's holdings in Canadian Pacific Kansas City were worth $3,989,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $33,000. Stonebridge Financial Group LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $34,000. YANKCOM Partnership bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Millstone Evans Group LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $36,000. Finally, Curio Wealth LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter worth $39,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded down $1.10 during mid-day trading on Wednesday, hitting $72.57. 749,887 shares of the stock were exchanged, compared to its average volume of 2,698,433. The company has a market capitalization of $67.51 billion, a P/E ratio of 25.02, a P/E/G ratio of 2.00 and a beta of 1.01. 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 company has a 50-day simple moving average of $74.44 and a 200 day simple moving average of $76.09. 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 posted its quarterly 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 net margin of 25.51% and a return on equity of 8.86%. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed 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. This represents a $0.53 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.93%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. Stephens raised 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. Barclays dropped their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Royal Bank of Canada boosted their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. 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's stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and a consensus price target of $93.75.

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.