Canadian Pacific Kansas City Limited (NYSE:CP) Position Cut by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 37.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,785 shares of the transportation company's stock after selling 29,860 shares during the period. Hillsdale Investment Management Inc.'s holdings in Canadian Pacific Kansas City were worth $4,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Accretive Wealth Partners LLC grew its stake in shares of Canadian Pacific Kansas City by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company's stock valued at $753,000 after buying an additional 145 shares during the last quarter. Keybank National Association OH grew its stake in Canadian Pacific Kansas City by 0.4% in the third quarter. Keybank National Association OH now owns 42,155 shares of the transportation company's stock worth $3,137,000 after purchasing an additional 159 shares in the last quarter. Claret Asset Management Corp grew its stake in Canadian Pacific Kansas City by 0.7% in the third quarter. Claret Asset Management Corp now owns 24,245 shares of the transportation company's stock worth $1,803,000 after purchasing an additional 162 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in Canadian Pacific Kansas City by 1.5% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 12,319 shares of the transportation company's stock worth $974,000 after purchasing an additional 182 shares in the last quarter. Finally, Paragon Capital Management LLC grew its stake in Canadian Pacific Kansas City by 5.6% in the third quarter. Paragon Capital Management LLC now owns 3,609 shares of the transportation company's stock worth $269,000 after purchasing an additional 193 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP traded up $0.59 during trading on Monday, reaching $82.66. 1,054,050 shares of the company's stock traded hands, compared to its average volume of 2,119,396. 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 Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The firm has a market cap of $77.10 billion, a PE ratio of 26.49, a P/E/G ratio of 2.32 and a beta of 0.96. The company has a 50-day simple moving average of $85.23 and a 200-day simple moving average of $81.01.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current 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 paid a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 17.95%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Evercore dropped their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an "outperform" rating on the stock in a research note on Thursday, April 25th. Scotiabank reaffirmed a "sector perform" rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Bank of America dropped their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a "buy" rating on the stock in a research report on Thursday, April 25th. Jefferies Financial Group assumed 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. Finally, StockNews.com raised Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research report on Wednesday, January 31st. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Hold" and a consensus target price of $96.67.

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.