Axa S.A. Decreases Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Axa S.A. cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 58.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,357 shares of the transportation company's stock after selling 157,339 shares during the quarter. Axa S.A.'s holdings in Canadian Pacific Kansas City were worth $8,204,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $2,602,000. Oak Family Advisors LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at $262,000. Barclays PLC boosted its stake in shares of Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock worth $250,602,000 after buying an additional 81,111 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $249,000. Finally, Phraction Management LLC increased its position in Canadian Pacific Kansas City by 53.6% during the fourth quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock valued at $963,000 after acquiring an additional 4,641 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Down 1.3 %

Shares of NYSE CP opened at $73.96 on Tuesday. The stock has a market capitalization of $68.80 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm's 50-day moving average price is $73.15 and its 200-day moving average price is $75.19.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a $0.1644 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's payout ratio is presently 21.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CP shares. Citigroup cut their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Susquehanna boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a "positive" rating in a research report on Thursday, May 1st. Evercore ISI decreased their price target on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada cut their price objective on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued 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 price target of $90.71.

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.

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