Canada Pension Plan Investment Board Cuts Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Canada Pension Plan Investment Board trimmed its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 28.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,075,921 shares of the transportation company's stock after selling 1,217,700 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.33% of Canadian Pacific Kansas City worth $222,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP lifted its stake in Canadian Pacific Kansas City by 510.7% in the fourth quarter. Marshall Wace LLP now owns 731,491 shares of the transportation company's stock valued at $52,938,000 after buying an additional 611,717 shares during the period. NewEdge Advisors LLC grew its holdings in Canadian Pacific Kansas City by 16.4% in the fourth quarter. NewEdge Advisors LLC now owns 30,540 shares of the transportation company's stock worth $2,210,000 after purchasing an additional 4,300 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 11.7% during the fourth quarter. Evergreen Capital Management LLC now owns 6,994 shares of the transportation company's stock valued at $507,000 after purchasing an additional 733 shares during the period. United Capital Financial Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 11.3% in the 4th quarter. United Capital Financial Advisors LLC now owns 4,010 shares of the transportation company's stock valued at $290,000 after buying an additional 406 shares during the period. Finally, Bridgewater Associates LP raised its stake in Canadian Pacific Kansas City by 2,000.8% during the 4th quarter. Bridgewater Associates LP now owns 366,310 shares of the transportation company's stock worth $26,510,000 after buying an additional 348,873 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

CP has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price on the stock in a report on Wednesday, January 8th. Stifel Nicolaus cut their price target on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Susquehanna cut their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a report on Thursday, March 27th. Finally, Stephens raised their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $93.75.

Canadian Pacific Kansas City Stock Up 0.6 %

Canadian Pacific Kansas City stock traded up $0.44 during midday trading on Tuesday, reaching $73.55. The company's stock had a trading volume of 906,386 shares, compared to its average volume of 3,431,376. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $88.31. The stock has a market capitalization of $68.42 billion, a P/E ratio of 25.37, a PEG ratio of 2.00 and a beta of 1.01. 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 stock's 50-day simple moving average is $74.12 and its 200-day simple moving average is $75.77.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating 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%. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business 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 $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.72%. Canadian Pacific Kansas City's dividend payout ratio (DPR) 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.