Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 16.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 293,964 shares of the transportation company's stock after selling 57,875 shares during the quarter. Stifel Financial Corp's holdings in Canadian Pacific Kansas City were worth $21,274,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

CP has been the subject of several recent analyst reports. Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. Barclays decreased their target price on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Argus set a $90.00 price target on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Royal Bank of Canada boosted their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, Jefferies Financial Group reduced their price target 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 equities research 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 company currently has an average rating of "Moderate Buy" and an average price target of $91.25.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded up $0.46 during trading on Thursday, reaching $72.93. The company's stock had a trading volume of 1,944,425 shares, compared to its average volume of 2,711,557. The company has a 50-day moving average price of $73.35 and a two-hundred day moving average price of $75.43. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The firm has a market cap of $67.84 billion, a PE ratio of 25.14, a P/E/G ratio of 2.00 and a beta of 1.01. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company 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 dividend of $0.1644 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio is presently 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.