Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by FORA Capital LLC

FORA Capital LLC lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 18.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,177 shares of the transportation company's stock after selling 5,611 shares during the quarter. FORA Capital LLC's holdings in Canadian Pacific Kansas City were worth $1,750,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CP. Proficio Capital Partners LLC purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $2,602,000. Oak Family Advisors LLC purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $262,000. Barclays PLC boosted its holdings in Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock worth $250,602,000 after acquiring an additional 81,111 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $249,000. Finally, Phraction Management LLC boosted its holdings in Canadian Pacific Kansas City by 53.6% in the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock worth $963,000 after acquiring an additional 4,641 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

CP traded up $2.00 during trading hours on Tuesday, hitting $78.60. 5,657,299 shares of the stock were exchanged, compared to its average volume of 2,762,242. The stock has a 50-day simple moving average of $72.94 and a 200-day simple moving average of $75.04. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The stock has a market cap of $73.13 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. 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 announced its quarterly earnings data 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 return on equity of 8.86% and a net margin of 25.51%. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period last year, the business posted $0.93 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced 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. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a yield of 0.84%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 21.28%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CP shares. Loop Capital cut Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Citigroup reduced their target price on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Finally, Stephens increased their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.71.

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.