Pecaut & CO. Has $3.19 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Pecaut & CO. reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,072 shares of the transportation company’s stock after selling 2,800 shares during the quarter. Canadian Pacific Kansas City comprises 1.1% of Pecaut & CO.’s holdings, making the stock its 21st largest holding. Pecaut & CO.’s holdings in Canadian Pacific Kansas City were worth $3,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CP. Thrivent Financial for Lutherans lifted its stake in shares of Canadian Pacific Kansas City by 61.9% in the third quarter. Thrivent Financial for Lutherans now owns 19,807 shares of the transportation company’s stock worth $1,694,000 after acquiring an additional 7,573 shares during the period. Prospera Financial Services Inc lifted its stake in Canadian Pacific Kansas City by 4.0% in the third quarter. Prospera Financial Services Inc now owns 4,903 shares of the transportation company’s stock valued at $420,000 after buying an additional 190 shares during the period. Avior Wealth Management LLC lifted its stake in Canadian Pacific Kansas City by 20.8% in the third quarter. Avior Wealth Management LLC now owns 9,273 shares of the transportation company’s stock valued at $793,000 after buying an additional 1,599 shares during the period. First Horizon Advisors Inc. lifted its stake in Canadian Pacific Kansas City by 2.9% in the third quarter. First Horizon Advisors Inc. now owns 6,784 shares of the transportation company’s stock valued at $580,000 after buying an additional 192 shares during the period. Finally, Intech Investment Management LLC lifted its stake in Canadian Pacific Kansas City by 11.5% in the third quarter. Intech Investment Management LLC now owns 31,983 shares of the transportation company’s stock valued at $2,738,000 after buying an additional 3,302 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CP. Stephens boosted their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Susquehanna dropped their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Citigroup boosted their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Wolfe Research raised 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 research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently 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 $73.50 on Friday. 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’s fifty day simple moving average is $76.74 and its two-hundred day simple moving average is $78.02. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $90.64. The stock has a market cap of $68.62 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share 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%. As a group, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

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.