Quantinno Capital Management LP Cuts Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Quantinno Capital Management LP reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 19.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,046 shares of the transportation company's stock after selling 9,498 shares during the period. Quantinno Capital Management LP's holdings in Canadian Pacific Kansas City were worth $2,826,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CP. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $33,000. Stonebridge Financial Group LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $34,000. YANKCOM Partnership bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $36,000. Millstone Evans Group LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $36,000. Finally, Curio Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $39,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded down $0.66 during trading on Thursday, hitting $80.36. 2,535,569 shares of the company's stock were exchanged, compared to its average volume of 2,807,342. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The business has a 50-day simple moving average of $73.78 and a 200-day simple moving average of $75.24. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The stock has a market capitalization of $74.77 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 2.00 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its 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. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the company posted $0.93 earnings per share. The firm's revenue was up 8.0% compared to the same quarter last year. On average, research analysts forecast 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 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, June 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 21.28%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CP. Evercore ISI decreased their target price on shares of 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. Barclays reduced their target price 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. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Royal Bank of Canada dropped their price objective on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, Susquehanna raised their target price on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a "positive" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.63.

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.