Canadian Pacific Kansas City Limited (NYSE:CP) Stock Position Lessened by Wealth Alliance

Wealth Alliance reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,131 shares of the transportation company’s stock after selling 1,176 shares during the quarter. Wealth Alliance’s holdings in Canadian Pacific Kansas City were worth $878,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Canadian Pacific Kansas City by 281.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock worth $252,912,000 after buying an additional 2,532,519 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Canadian Pacific Kansas City by 84.4% during the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock valued at $251,778,000 after acquiring an additional 1,348,474 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Canadian Pacific Kansas City by 36.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company’s stock valued at $245,403,000 after acquiring an additional 769,202 shares during the period. Point72 Asset Management L.P. bought a new stake in Canadian Pacific Kansas City during the third quarter worth approximately $63,179,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Canadian Pacific Kansas City by 39.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company’s stock worth $172,132,000 after purchasing an additional 565,783 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Bank of America dropped their target price 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. Finally, Barclays cut their target price 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Price Performance

CP opened at $78.01 on Friday. The firm has a market capitalization of $72.83 billion, a P/E ratio of 26.90, a PEG ratio of 2.04 and a beta of 0.97. The stock has a fifty day moving average of $75.97 and a 200-day moving average of $78.58. 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 Limited has a 12-month low of $70.89 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.4 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.62%.

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.