Canadian Pacific Kansas City Limited (NYSE:CP) Stake Cut by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 42.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,165,000 shares of the transportation company's stock after selling 845,385 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.12% of Canadian Pacific Kansas City worth $84,309,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CP. Parvin Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $43,000. Guardian Capital LP lifted its position in shares of Canadian Pacific Kansas City by 0.3% during 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 boosted its position in Canadian Pacific Kansas City by 38.6% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,207 shares of the transportation company's stock worth $232,000 after purchasing an additional 893 shares in the last quarter. Gallo Partners LP acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at about $4,373,000. Finally, Soros Fund Management LLC raised its position in shares of Canadian Pacific Kansas City by 66.5% during the 4th quarter. Soros Fund Management LLC now owns 273,711 shares of the transportation company's stock worth $19,808,000 after purchasing an additional 109,280 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

CP has been the topic of several analyst reports. Citigroup decreased their price objective on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Susquehanna boosted their price target on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a research report on Thursday. Loop Capital downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. 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. Finally, Argus set a $90.00 target price on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.71.

Canadian Pacific Kansas City Stock Performance

CP stock traded up $2.21 during mid-day trading on Friday, reaching $74.94. The company had a trading volume of 4,017,678 shares, compared to its average volume of 2,726,146. The stock has a market capitalization of $69.71 billion, a P/E ratio of 25.84, a P/E/G ratio of 2.00 and a beta of 1.01. The stock's 50-day simple moving average is $73.22 and its two-hundred day simple moving average is $75.23. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

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

Canadian Pacific Kansas City Increases Dividend

The firm 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 dividend of $0.1644 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.88%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.93%.

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.