Findlay Park Partners LLP Cuts Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Findlay Park Partners LLP decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,326,396 shares of the transportation company's stock after selling 25,174 shares during the quarter. Canadian Pacific Kansas City makes up 1.8% of Findlay Park Partners LLP's holdings, making the stock its 24th largest holding. Findlay Park Partners LLP owned 0.25% of Canadian Pacific Kansas City worth $183,925,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. YCG LLC lifted its stake in Canadian Pacific Kansas City by 32.5% in the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company's stock worth $29,444,000 after purchasing an additional 91,276 shares in the last quarter. SG Americas Securities LLC boosted its stake in Canadian Pacific Kansas City by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company's stock valued at $7,606,000 after buying an additional 12,748 shares during the last quarter. Element Capital Management LLC purchased a new position in Canadian Pacific Kansas City during the 3rd quarter valued at approximately $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Canadian Pacific Kansas City by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company's stock valued at $24,525,000 after buying an additional 14,557 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in 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 acquiring an additional 12,036 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 0.5 %

CP stock traded up $0.39 during trading on Friday, hitting $82.93. The company had a trading volume of 2,200,230 shares, compared to its average volume of 2,374,577. The firm has a market capitalization of $77.35 billion, a P/E ratio of 26.58, a PEG ratio of 2.34 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58. The company has a 50 day simple moving average of $86.01 and a 200-day simple moving average of $80.40. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations 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, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm 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. This represents a $0.56 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City's payout ratio is 17.63%.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of recent research reports. Bank of America cut their target price on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a "buy" rating for the company in a report on Thursday, April 25th. Evercore ISI reduced their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. Scotiabank reaffirmed a "sector perform" rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Raymond James lifted their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an "outperform" rating in a research report on Monday, April 22nd. Finally, Susquehanna decreased their price objective on Canadian Pacific Kansas City from $84.00 to $80.00 and set a "neutral" rating on the stock in a research report on Thursday, April 25th. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $96.42.

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.