Boston Common Asset Management LLC Lowers Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Boston Common Asset Management LLC lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,774 shares of the transportation company’s stock after selling 8,689 shares during the quarter. Boston Common Asset Management LLC’s holdings in Canadian Pacific Kansas City were worth $6,207,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CP. Grove Bank & Trust boosted its stake in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares during the period. Tower View Wealth Management LLC boosted its stake in shares of Canadian Pacific Kansas City by 0.3% during the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock valued at $4,410,000 after purchasing an additional 130 shares during the period. Bradley Foster & Sargent Inc. CT grew its stake in Canadian Pacific Kansas City by 3.0% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock worth $355,000 after acquiring an additional 131 shares in the last quarter. Trust Co. of Vermont grew its stake in Canadian Pacific Kansas City by 4.7% in the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock worth $260,000 after purchasing an additional 135 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Canadian Pacific Kansas City by 12.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock valued at $107,000 after buying an additional 141 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $74.80 on Friday. The business’s fifty day moving average price is $74.75 and its 200 day moving average price is $79.19. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $69.83 billion, a P/E ratio of 26.71, a PEG ratio of 1.89 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 earnings per share. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.02 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.93%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CP shares. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Bank of America cut their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Susquehanna reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.63.

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.