Premier Fund Managers Ltd Sells 13,700 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Premier Fund Managers Ltd trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 272,616 shares of the transportation company’s stock after selling 13,700 shares during the quarter. Premier Fund Managers Ltd’s holdings in Canadian Pacific Kansas City were worth $19,606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in Canadian Pacific Kansas City by 61.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 19,807 shares of the transportation company’s stock valued at $1,694,000 after buying an additional 7,573 shares during the last quarter. Cerity Partners LLC grew its position in shares of Canadian Pacific Kansas City by 33.0% during the third quarter. Cerity Partners LLC now owns 81,567 shares of the transportation company’s stock worth $6,977,000 after purchasing an additional 20,220 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Canadian Pacific Kansas City by 20.6% during the 3rd quarter. Larson Financial Group LLC now owns 2,518 shares of the transportation company’s stock valued at $215,000 after purchasing an additional 430 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth about $530,000. Finally, Brown Brothers Harriman & Co. raised its position in Canadian Pacific Kansas City by 63.1% during the third quarter. Brown Brothers Harriman & Co. now owns 2,895 shares of the transportation company’s stock valued at $248,000 after purchasing an additional 1,120 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $71.59 on Friday. The stock has a 50-day moving average of $76.56 and a 200 day moving average of $77.64. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $89.26. The stock has a market capitalization of $66.84 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.00 and a beta of 0.98. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.74%. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

Analysts Set New Price Targets

CP has been the topic of several analyst reports. Citigroup upped their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Wells Fargo & Company decreased their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research report on Wednesday. Finally, Barclays cut their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $94.95.

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.