Van ECK Associates Corp Has $10.07 Million Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Van ECK Associates Corp decreased its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 62.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,099 shares of the transportation company's stock after selling 236,196 shares during the period. Van ECK Associates Corp's holdings in Canadian Pacific Kansas City were worth $10,065,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CP. Tower View Wealth Management LLC raised its stake in Canadian Pacific Kansas City by 0.3% during the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company's stock valued at $4,410,000 after acquiring an additional 130 shares in the last quarter. Trust Co. of Vermont raised its stake in Canadian Pacific Kansas City by 4.7% during the 3rd quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company's stock valued at $260,000 after acquiring an additional 135 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in Canadian Pacific Kansas City by 13.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company's stock valued at $90,000 after acquiring an additional 150 shares in the last quarter. Forte Capital LLC ADV raised its stake in Canadian Pacific Kansas City by 2.4% during the 3rd quarter. Forte Capital LLC ADV now owns 7,415 shares of the transportation company's stock valued at $634,000 after acquiring an additional 173 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Canadian Pacific Kansas City by 12.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company's stock valued at $118,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

CP has been the topic of a number of research reports. Bank of America dropped their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company dropped their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Loop Capital downgraded Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Susquehanna dropped their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. Finally, Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Down 0.4 %

Shares of CP stock traded down $0.31 on Thursday, reaching $78.01. 1,544,381 shares of the company's stock traded hands, compared to its average volume of 3,084,865. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58. 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 market capitalization of $72.83 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 2.04 and a beta of 0.97. The business's 50 day moving average price is $75.90 and its two-hundred day moving average price is $78.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates 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%. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.4 earnings per share 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. Stockholders of record on Friday, March 28th will be issued 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 dividend yield of 0.68%. Canadian Pacific Kansas City's dividend payout ratio is 18.62%.

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.