Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 51.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 134,524 shares of the transportation company's stock after selling 139,847 shares during the quarter. Ameriprise Financial Inc.'s holdings in Canadian Pacific Kansas City were worth $10,411,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Alyeska Investment Group L.P. bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $990,000. Alua Capital Management LP acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $58,865,000. Accredited Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth about $502,000. AlTi Global Inc. raised its position in shares of Canadian Pacific Kansas City by 4.0% during the 4th quarter. AlTi Global Inc. now owns 19,921 shares of the transportation company's stock worth $1,467,000 after buying an additional 770 shares in the last quarter. Finally, Wahed Invest LLC lifted its stake in shares of Canadian Pacific Kansas City by 12.5% in the 4th quarter. Wahed Invest LLC now owns 13,989 shares of the transportation company's stock worth $1,012,000 after acquiring an additional 1,551 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

CP has been the topic of several recent analyst reports. Citigroup dropped their target price 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. Loop Capital cut Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Jefferies Financial Group decreased their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada lowered their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, Barclays dropped their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.63.

Canadian Pacific Kansas City Price Performance

CP opened at $81.50 on Tuesday. The stock has a fifty day moving average price of $73.48 and a 200 day moving average price of $75.15. 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. The stock has a market cap of $75.83 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.00 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly 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 during the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a $0.1644 dividend. This represents a $0.66 annualized dividend and a yield of 0.81%. This is an increase 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 payout ratio is currently 21.28%.

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.

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