Canadian Pacific Kansas City Limited (NYSE:CP) Holdings Trimmed by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 26.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 249,711 shares of the transportation company's stock after selling 89,304 shares during the quarter. Duff & Phelps Investment Management Co.'s holdings in Canadian Pacific Kansas City were worth $19,764,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CP. YCG LLC lifted its holdings in shares of Canadian Pacific Kansas City by 32.5% in the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company's stock worth $29,444,000 after buying an additional 91,276 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Canadian Pacific Kansas City by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company's stock valued at $7,606,000 after purchasing an additional 12,748 shares in the last quarter. Element Capital Management LLC bought a new stake in Canadian Pacific Kansas City in the third quarter worth $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Canadian Pacific Kansas City by 5.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company's stock valued at $24,525,000 after purchasing an additional 14,557 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Canadian Pacific Kansas City by 26.3% in the 4th quarter. Jennison Associates LLC now owns 57,878 shares of the transportation company's stock worth $4,577,000 after buying an additional 12,036 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

CP stock traded down $2.42 during trading on Tuesday, reaching $78.43. The company had a trading volume of 2,559,046 shares, compared to its average volume of 2,126,160. The company has a market cap of $73.15 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 2.31 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. The firm has a 50-day simple moving average of $86.94 and a 200-day simple moving average of $79.96. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.16 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. Canadian Pacific Kansas City's payout ratio is currently 17.95%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CP shares. TD Securities downgraded shares of Canadian Pacific Kansas City from a "buy" rating to a "hold" rating in a report on Monday, January 8th. Susquehanna Bancshares cut Canadian Pacific Kansas City from a "positive" rating to a "neutral" rating and dropped their target price for the stock from $90.00 to $87.00 in a report on Monday, January 8th. Jefferies Financial Group started coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a "buy" rating and a $105.00 target price on the stock. Evercore lowered their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an "outperform" rating for the company in a research report on Thursday, April 25th. Finally, Evercore ISI cut their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an "outperform" rating on the stock in a research report on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $96.42.

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.