Price T Rowe Associates Inc. MD Cuts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Price T Rowe Associates Inc. MD cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 79.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 562,631 shares of the transportation company's stock after selling 2,145,167 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.06% of Canadian Pacific Kansas City worth $40,719,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $33,000. Stonebridge Financial Group LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth $34,000. YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $36,000. Millstone Evans Group LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $36,000. Finally, Curio Wealth LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $39,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Stephens raised their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Wells Fargo & Company decreased their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Finally, Jefferies Financial Group decreased their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $90.71.

Canadian Pacific Kansas City Trading Up 3.0 %

Canadian Pacific Kansas City stock traded up $2.21 during midday trading on Friday, reaching $74.94. The stock had a trading volume of 4,017,678 shares, compared to its average volume of 2,723,277. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The company has a fifty day moving average of $73.22 and a 200 day moving average of $75.32. The firm has a market cap of $69.71 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company earned $0.93 EPS. Canadian Pacific Kansas City's quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a $0.1644 dividend. This represents a $0.66 annualized dividend and a yield of 0.88%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's payout ratio is 17.93%.

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.