Wellington Management Group LLP Has $163.14 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Wellington Management Group LLP lowered its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,254,356 shares of the transportation company's stock after selling 26,925 shares during the quarter. Wellington Management Group LLP owned 0.24% of Canadian Pacific Kansas City worth $163,144,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CP. Kestra Investment Management LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $33,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $34,000. YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter worth $36,000. Finally, Curio Wealth LLC bought a new position in Canadian Pacific Kansas City during the 4th quarter worth about $39,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Barclays reduced their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Loop Capital lowered shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Stifel Nicolaus decreased their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating for the company in a research report on Thursday, January 16th. Finally, Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.68.

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Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded down $1.64 during mid-day trading on Monday, hitting $68.55. 7,166,776 shares of the company's stock traded hands, compared to its average volume of 2,613,165. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm has a 50 day simple moving average of $75.48 and a two-hundred day simple moving average of $76.74. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.57 and a fifty-two week high of $89.26. The stock has a market cap of $64.01 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 2.00 and a beta of 1.01.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results 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, research 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 company also recently disclosed 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. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is presently 17.93%.

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.