Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,375,268 shares of the transportation company's stock after selling 18,884 shares during the period. Canadian Pacific Kansas City accounts for 1.3% of Thornburg Investment Management Inc.'s holdings, making the stock its 21st biggest holding. Thornburg Investment Management Inc. owned 0.15% of Canadian Pacific Kansas City worth $99,529,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CP. Select Equity Group L.P. raised its holdings in Canadian Pacific Kansas City by 32.7% during the 4th quarter. Select Equity Group L.P. now owns 3,080,078 shares of the transportation company's stock valued at $222,900,000 after buying an additional 759,293 shares during the period. Prevatt Capital Ltd raised its stake in shares of Canadian Pacific Kansas City by 86.7% in the fourth quarter. Prevatt Capital Ltd now owns 280,000 shares of the transportation company's stock valued at $20,264,000 after acquiring an additional 130,000 shares during the period. Paradoxiom Capital L.P. purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $9,798,000. Pathstone Holdings LLC lifted its holdings in shares of Canadian Pacific Kansas City by 6.6% in the 4th quarter. Pathstone Holdings LLC now owns 265,090 shares of the transportation company's stock worth $19,192,000 after acquiring an additional 16,329 shares during the last quarter. Finally, Malaga Cove Capital LLC boosted its stake in shares of Canadian Pacific Kansas City by 6.6% during the 4th quarter. Malaga Cove Capital LLC now owns 8,763 shares of the transportation company's stock worth $634,000 after purchasing an additional 539 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stephens raised their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Loop Capital cut Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Barclays reduced 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. Evercore ISI lowered their target price on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Finally, Royal Bank of Canada reduced their price target 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. 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, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus price target of $90.63.

Canadian Pacific Kansas City Stock Up 0.0%

Shares of CP traded up $0.02 during mid-day trading on Friday, hitting $80.42. The company's stock had a trading volume of 680,283 shares, compared to its average volume of 2,799,002. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company's 50-day moving average is $73.88 and its 200-day moving average is $75.25. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The firm has a market capitalization of $74.82 billion, a price-to-earnings ratio of 27.70, 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 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 analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Canadian Pacific Kansas City's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, equities research 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a dividend of $0.1644 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 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.