Massachusetts Financial Services Co. MA Cuts Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Massachusetts Financial Services Co. MA lessened its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 7.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,369,089 shares of the transportation company's stock after selling 1,199,460 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.54% of Canadian Pacific Kansas City worth $1,008,854,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. North Capital Inc. acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth about $27,000. Cornerstone Planning Group LLC raised its holdings in Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after acquiring an additional 256 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $31,000. Hexagon Capital Partners LLC raised its holdings in Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock valued at $35,000 after acquiring an additional 164 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $36,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 0.3%

NYSE CP traded down $0.27 during trading hours on Thursday, hitting $80.58. The company's stock had a trading volume of 912,862 shares, compared to its average volume of 2,811,353. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The company has a market capitalization of $74.25 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The company's 50-day simple moving average is $80.41 and its two-hundred day simple moving average is $76.75.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. Canadian Pacific Kansas City's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed 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 is a boost 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 dividend on an annualized basis and a dividend yield of 0.82%. Canadian Pacific Kansas City's payout ratio is presently 22.30%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays increased their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Citigroup increased their price target on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Evercore ISI decreased their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Bank of America increased their price objective on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.95.

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.