Williams Jones Wealth Management LLC. Reduces Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Williams Jones Wealth Management LLC. lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 27.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,536 shares of the transportation company's stock after selling 37,940 shares during the period. Williams Jones Wealth Management LLC.'s holdings in Canadian Pacific Kansas City were worth $7,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CP. Smartleaf Asset Management LLC grew its position in Canadian Pacific Kansas City by 18.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company's stock valued at $60,000 after purchasing an additional 133 shares during the period. Wiser Advisor Group LLC lifted its stake in shares of Canadian Pacific Kansas City by 9.5% in the fourth quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company's stock valued at $125,000 after buying an additional 150 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Canadian Pacific Kansas City by 2.2% in the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock valued at $521,000 after buying an additional 152 shares in the last quarter. Transatlantique Private Wealth LLC grew its holdings in shares of Canadian Pacific Kansas City by 1.6% during the fourth quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock valued at $728,000 after buying an additional 157 shares during the last quarter. Finally, BKM Wealth Management LLC increased its position in shares of Canadian Pacific Kansas City by 2.2% during the fourth quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company's stock worth $526,000 after acquiring an additional 158 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

CP stock traded down $0.27 during midday trading on Monday, hitting $80.13. The company's stock had a trading volume of 2,040,245 shares, compared to its average volume of 2,794,941. The stock has a market cap of $74.56 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 2.00 and a beta of 1.09. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average price is $74.00 and its 200 day moving average price is $75.21. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 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 business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company's revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current 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 issued a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a yield of 0.82%. This is a positive change 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 dividend payout ratio is 21.28%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CP shares. Citigroup dropped their price target on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada lowered their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Loop Capital cut Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Stephens upped their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock 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.