Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 42.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,909 shares of the transportation company's stock after selling 11,157 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Canadian Pacific Kansas City were worth $1,079,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Itau Unibanco Holding S.A. acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $804,000. Parvin Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $43,000. Guardian Capital LP increased its position in Canadian Pacific Kansas City by 0.3% in the 4th quarter. Guardian Capital LP now owns 799,719 shares of the transportation company's stock valued at $57,874,000 after acquiring an additional 2,593 shares during the period. Rehmann Capital Advisory Group lifted its position in Canadian Pacific Kansas City by 38.6% during the 4th quarter. Rehmann Capital Advisory Group now owns 3,207 shares of the transportation company's stock worth $232,000 after acquiring an additional 893 shares during the period. Finally, Gallo Partners LP purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $4,373,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Evercore ISI dropped 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 note on Thursday, May 1st. Barclays cut their price objective 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. Susquehanna upped their price target on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a research note on Thursday, May 1st. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Royal Bank of Canada dropped their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $90.71.

Canadian Pacific Kansas City Stock Down 0.6 %

CP stock opened at $73.31 on Friday. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The stock has a market capitalization of $68.20 billion, a P/E ratio of 25.28, a PEG ratio of 2.00 and a beta of 1.09. The company has a 50 day moving average price of $72.94 and a two-hundred day moving average price of $75.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 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 firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The business's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current 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 issued a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's payout ratio is presently 21.28%.

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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