Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC reduced its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 66.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,835 shares of the transportation company’s stock after selling 5,641 shares during the quarter. Modera Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $205,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CP. JPMorgan Chase & Co. lifted its position in Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after acquiring an additional 381,594 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Canadian Pacific Kansas City by 9.7% during the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock valued at $501,219,000 after purchasing an additional 537,418 shares during the period. Fiera Capital Corp lifted its position in shares of Canadian Pacific Kansas City by 1.9% during the third quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company’s stock worth $497,918,000 after purchasing an additional 107,183 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd boosted its stake in shares of Canadian Pacific Kansas City by 1.7% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company’s stock valued at $368,661,000 after purchasing an additional 85,542 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Canadian Pacific Kansas City by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock valued at $373,540,000 after purchasing an additional 313,298 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CP shares. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Barclays cut their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Stephens lifted their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Wells Fargo & Company cut their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada raised their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $76.88 on Thursday. The company has a market cap of $71.78 billion, a PE ratio of 26.51, a P/E/G ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The firm has a 50-day simple moving average of $76.60 and a 200 day simple moving average of $78.51. 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) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

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.