Wells Fargo & Company MN Cuts Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Wells Fargo & Company MN cut its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,898,626 shares of the transportation company's stock after selling 56,568 shares during the period. Wells Fargo & Company MN owned 0.20% of Canadian Pacific Kansas City worth $137,404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $33,000. Stonebridge Financial Group LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $34,000. YANKCOM Partnership bought a new position in Canadian Pacific Kansas City during the 4th quarter valued at $36,000. Millstone Evans Group LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth $36,000. Finally, Curio Wealth LLC bought a new stake in shares of 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 1.8 %

Shares of Canadian Pacific Kansas City stock traded up $1.29 during trading on Friday, reaching $72.50. 1,131,252 shares of the stock were exchanged, compared to its average volume of 2,673,442. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a market cap of $67.69 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $88.34. The stock's fifty day moving average is $74.69 and its 200 day moving average is $76.33.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS 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%. As a group, equities research analysts expect 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 business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a $0.1318 dividend. 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 17.93%.

Analyst Ratings Changes

CP has been the topic of several analyst reports. StockNews.com cut shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Royal Bank of Canada upped their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Wells Fargo & Company dropped their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Finally, Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus target price of $93.55.

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.