Canadian Pacific Kansas City Limited (NYSE:CP) Stake Cut by Value Partners Investments Inc.

Value Partners Investments Inc. cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 87.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,947 shares of the transportation company's stock after selling 309,888 shares during the quarter. Canadian Pacific Kansas City accounts for about 0.1% of Value Partners Investments Inc.'s investment portfolio, making the stock its 21st largest holding. Value Partners Investments Inc.'s holdings in Canadian Pacific Kansas City were worth $3,325,000 as of its most recent filing with the Securities & Exchange Commission.

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

Canadian Pacific Kansas City Trading Up 2.2 %

Shares of NYSE CP traded up $1.64 during mid-day trading on Friday, reaching $74.55. 1,729,295 shares of the company's stock were exchanged, compared to its average volume of 2,712,010. The company's 50-day moving average is $74.21 and its 200-day moving average is $75.93. The firm has a market capitalization of $69.35 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $88.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

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 (EPS) for the quarter, topping 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%. Analysts expect 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. Investors of record on Friday, March 28th will be given a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.71%. Canadian Pacific Kansas City's dividend payout ratio is presently 17.93%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup reduced their price objective on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada increased their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Loop Capital downgraded Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Stephens increased their target price on 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. Finally, Jefferies Financial Group decreased their price target 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, April 9th. 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $93.75.

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.