Canadian Pacific Kansas City Limited (NYSE:CP) Position Decreased by Cetera Investment Advisers

Cetera Investment Advisers cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,316 shares of the transportation company's stock after selling 3,658 shares during the quarter. Cetera Investment Advisers' holdings in Canadian Pacific Kansas City were worth $3,931,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth $2,602,000. Oak Family Advisors LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth $262,000. Barclays PLC lifted 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 acquiring an additional 81,111 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $249,000. Finally, Phraction Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 53.6% in the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock worth $963,000 after acquiring an additional 4,641 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Stephens raised their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Evercore ISI reduced their target price on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Barclays reduced their target price on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Loop Capital cut shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Finally, Stifel Nicolaus reduced their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.63.

Canadian Pacific Kansas City Trading Down 0.5%

CP traded down $0.41 during trading on Wednesday, hitting $81.58. 401,594 shares of the company's stock were exchanged, compared to its average volume of 2,799,198. The firm has a market cap of $75.91 billion, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The stock has a 50 day moving average price of $73.67 and a 200 day moving average price of $75.20. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. The company had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio is currently 21.28%.

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.