Bristol John W & Co. Inc. NY Sells 65,249 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Bristol John W & Co. Inc. NY reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,264,518 shares of the transportation company's stock after selling 65,249 shares during the period. Canadian Pacific Kansas City accounts for approximately 1.8% of Bristol John W & Co. Inc. NY's investment portfolio, making the stock its 27th biggest position. Bristol John W & Co. Inc. NY owned approximately 0.14% of Canadian Pacific Kansas City worth $99,973,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CP. Stonebridge Capital Advisors LLC grew its stake in Canadian Pacific Kansas City by 750.0% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company's stock worth $25,000 after buying an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $29,000. Sands Capital Management LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $31,000. AdvisorNet Financial Inc lifted its holdings 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 last quarter. Finally, Fortis Capital Advisors LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter worth about $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.7 %

NYSE CP traded down $0.60 during mid-day trading on Friday, hitting $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 company's 50 day simple moving average is $87.12 and its 200 day simple moving average is $79.13. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $80.25 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 2.20 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.21 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. The ex-dividend date of this dividend 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 yield of 0.66%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 17.83%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CP. Susquehanna dropped their target price on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a "neutral" rating for the company in a report on Thursday, March 28th. StockNews.com upgraded shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. dropped their price objective 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. Bank of America raised their price objective on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Barclays raised their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an "overweight" rating in a report on Thursday, April 4th. Twelve investment 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $95.29.

About Canadian Pacific Kansas City

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.