Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Guardian Capital LP

Guardian Capital LP trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 17.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,069,400 shares of the transportation company's stock after selling 218,523 shares during the quarter. Canadian Pacific Kansas City comprises approximately 3.0% of Guardian Capital LP's portfolio, making the stock its 7th biggest position. Guardian Capital LP owned approximately 0.11% of Canadian Pacific Kansas City worth $85,026,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 1.5% in the third quarter. Vanguard Group Inc. now owns 33,752,798 shares of the transportation company's stock valued at $2,511,546,000 after acquiring an additional 483,138 shares during the period. FMR LLC lifted its holdings in shares of Canadian Pacific Kansas City by 1.8% during the third quarter. FMR LLC now owns 31,001,865 shares of the transportation company's stock worth $2,304,549,000 after purchasing an additional 553,163 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Canadian Pacific Kansas City by 5.9% during the fourth quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company's stock worth $1,122,370,000 after purchasing an additional 787,608 shares during the period. Bank of Nova Scotia lifted its holdings in shares of Canadian Pacific Kansas City by 0.4% during the third quarter. Bank of Nova Scotia now owns 8,305,174 shares of the transportation company's stock worth $617,332,000 after purchasing an additional 36,287 shares during the period. Finally, Sustainable Growth Advisers LP lifted its holdings in shares of Canadian Pacific Kansas City by 151.4% during the third quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company's stock worth $583,917,000 after purchasing an additional 4,726,098 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CP. Evercore ISI decreased their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an "outperform" rating for the company in a report on Thursday, April 25th. StockNews.com raised Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Wednesday, January 31st. Scotiabank reaffirmed a "sector perform" rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a "buy" rating and a $105.00 price objective for the company. Finally, Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $96.42.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $0.79 during midday trading on Tuesday, reaching $81.24. 2,622,533 shares of the company were exchanged, compared to its average volume of 2,146,132. The company has a market capitalization of $75.78 billion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 2.35 and a beta of 0.96. The firm's 50-day simple moving average is $85.93 and its 200-day simple moving average is $80.64. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.15 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City's payout ratio is 17.95%.

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.

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