HighPoint Advisor Group LLC Decreases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

HighPoint Advisor Group LLC lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,672 shares of the transportation company’s stock after selling 752 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Canadian Pacific Kansas City were worth $994,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CP. Captrust Financial Advisors raised its holdings in Canadian Pacific Kansas City by 5.5% in the 3rd quarter. Captrust Financial Advisors now owns 54,109 shares of the transportation company’s stock valued at $4,629,000 after acquiring an additional 2,838 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $210,000. Benjamin Edwards Inc. purchased a new position in Canadian Pacific Kansas City during the third quarter worth approximately $235,000. Hilltop Holdings Inc. boosted its stake in Canadian Pacific Kansas City by 26.4% during the third quarter. Hilltop Holdings Inc. now owns 7,927 shares of the transportation company’s stock worth $678,000 after buying an additional 1,654 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Canadian Pacific Kansas City by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 438,631 shares of the transportation company’s stock valued at $37,512,000 after buying an additional 10,734 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 1.3 %

NYSE CP opened at $71.11 on Wednesday. Canadian Pacific Kansas City Limited has a one year low of $68.00 and a one year high of $89.26. The firm has a 50 day simple moving average of $76.23 and a 200-day simple moving average of $77.20. The firm has a market cap of $66.40 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS 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%. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 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. Shareholders of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Wall Street Analysts Forecast Growth

CP has been the topic of several recent research reports. 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. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Wednesday, January 8th. Barclays cut their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Susquehanna lowered their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research report on Thursday, March 27th. Finally, Royal Bank of Canada raised their target price 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.95.

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.