Mn Services Vermogensbeheer B.V. Sells 14,200 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Mn Services Vermogensbeheer B.V. lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 442,015 shares of the transportation company's stock after selling 14,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Canadian Pacific Kansas City were worth $35,144,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CP. Stonebridge Capital Advisors LLC increased its holdings in Canadian Pacific Kansas City by 750.0% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company's stock valued at $25,000 after purchasing an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at about $29,000. Sands Capital Management LLC bought a new position in shares of Canadian Pacific Kansas City during the third quarter worth about $31,000. AdvisorNet Financial Inc lifted its stake in shares of Canadian Pacific Kansas City by 452.1% in the third quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company's stock worth $39,000 after acquiring an additional 425 shares during the period. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City in the first quarter worth approximately $39,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded down $0.60 during mid-day trading on Friday, reaching $86.05. The company's stock had a trading volume of 1,966,415 shares, compared to its average volume of 1,650,359. The firm's fifty day moving average price is $87.12 and its two-hundred day moving average price is $79.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The company has a market capitalization of $80.25 billion, a P/E ratio of 27.40, a PEG ratio of 2.21 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.22 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.1415 per share. The ex-dividend date is Wednesday, March 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a dividend yield of 0.66%. Canadian Pacific Kansas City's dividend payout ratio is currently 17.83%.

Analyst Upgrades and Downgrades

CP has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Canadian Pacific Kansas City from $121.00 to $116.00 and set an "overweight" rating for the company in a report on Thursday, December 21st. Susquehanna dropped their target price on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Thursday, March 28th. Jefferies Financial Group started coverage on shares of Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a "buy" rating and a $105.00 price target on the stock. Barclays lifted their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an "overweight" rating in a research report on Thursday, April 4th. Finally, Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Hold" and an average target price of $95.29.

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.