Bessemer Group Inc. Reduces Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Bessemer Group Inc. reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 12.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,125 shares of the transportation company's stock after selling 8,733 shares during the period. Bessemer Group Inc.'s holdings in Canadian Pacific Kansas City were worth $4,152,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $31,000. Millstone Evans Group LLC purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. Curio Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $39,000. Curat Global LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter worth approximately $42,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $43,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CP has been the topic of several research reports. Citigroup lowered their price objective on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group dropped their price target on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Barclays lowered their target price on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, Stifel Nicolaus cut their price target on 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 equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $90.95.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP traded up $1.22 during trading on Tuesday, hitting $80.49. 2,431,455 shares of the company were exchanged, compared to its average volume of 2,813,773. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The company has a market cap of $74.16 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 2.15 and a beta of 1.07. The firm's fifty day moving average price is $78.62 and its 200 day moving average price is $76.15.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data 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 25.99% and a return on equity of 8.68%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. Canadian Pacific Kansas City's payout ratio is 22.30%.

Canadian Pacific Kansas City 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.