Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by New Millennium Group LLC

New Millennium Group LLC decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 57.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 851 shares of the transportation company’s stock after selling 1,156 shares during the quarter. New Millennium Group LLC’s holdings in Canadian Pacific Kansas City were worth $62,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CP. Waldron Private Wealth LLC raised its stake in Canadian Pacific Kansas City by 93.4% during the 4th quarter. Waldron Private Wealth LLC now owns 21,128 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 10,202 shares in the last quarter. Everett Harris & Co. CA increased its holdings in shares of Canadian Pacific Kansas City by 1.8% during the fourth quarter. Everett Harris & Co. CA now owns 81,108 shares of the transportation company’s stock valued at $5,870,000 after purchasing an additional 1,411 shares during the period. Hunter Associates Investment Management LLC raised its stake in shares of Canadian Pacific Kansas City by 4.0% during the fourth quarter. Hunter Associates Investment Management LLC now owns 5,967 shares of the transportation company’s stock valued at $432,000 after purchasing an additional 230 shares in the last quarter. Fortune Financial Advisors LLC grew its position in Canadian Pacific Kansas City by 5.2% in the 4th quarter. Fortune Financial Advisors LLC now owns 12,008 shares of the transportation company’s stock valued at $869,000 after buying an additional 593 shares in the last quarter. Finally, First Affirmative Financial Network increased its stake in Canadian Pacific Kansas City by 9.4% during the 4th quarter. First Affirmative Financial Network now owns 7,752 shares of the transportation company’s stock valued at $561,000 after buying an additional 665 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.3 %

Shares of CP stock opened at $79.57 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a fifty day moving average of $75.34 and a 200-day moving average of $79.05. The stock has a market cap of $74.28 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 2.04 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.5 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.66%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 18.62%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays decreased their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Stephens increased their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday. Susquehanna reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City 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.