Snowden Capital Advisors LLC Decreases Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Snowden Capital Advisors LLC cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,501 shares of the transportation company's stock after selling 5,389 shares during the period. Snowden Capital Advisors LLC's holdings in Canadian Pacific Kansas City were worth $1,704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CP. Norges Bank bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $914,090,000. Causeway Capital Management LLC lifted its position in Canadian Pacific Kansas City by 76.5% in the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock worth $1,116,632,000 after buying an additional 6,687,770 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Canadian Pacific Kansas City by 281.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock valued at $252,912,000 after acquiring an additional 2,532,519 shares during the period. Invesco Ltd. boosted its stake in shares of Canadian Pacific Kansas City by 25.7% during the 4th quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock worth $770,526,000 after purchasing an additional 2,177,604 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Canadian Pacific Kansas City by 11.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock valued at $899,805,000 after purchasing an additional 1,262,913 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Down 0.0%

Shares of CP stock traded down $0.02 during trading on Friday, hitting $80.38. 680,283 shares of the stock traded hands, compared to its average volume of 2,799,002. The firm has a market capitalization of $74.79 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The firm's fifty day moving average price is $73.88 and its 200-day moving average price is $75.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. As a group, research analysts forecast 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 business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a yield of 0.82%. 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 payout ratio is presently 21.28%.

Analyst Ratings Changes

A number of research firms recently issued reports on CP. Royal Bank of Canada dropped their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Barclays lowered their target price on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Stifel Nicolaus cut their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus target price 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.