Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 73.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,607 shares of the transportation company’s stock after selling 10,000 shares during the period. Leavell Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $262,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Sovran Advisors LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at approximately $244,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $34,000. Summit Trail Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 3.7% in the fourth quarter. Summit Trail Advisors LLC now owns 18,728 shares of the transportation company’s stock worth $1,355,000 after buying an additional 668 shares during the last quarter. Equitable Trust Co. acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $3,543,000. Finally, Quilter Plc boosted its stake in Canadian Pacific Kansas City by 10.9% during the 4th quarter. Quilter Plc now owns 1,203,968 shares of the transportation company’s stock valued at $87,062,000 after acquiring an additional 118,753 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 1.0 %

NYSE:CP opened at $77.53 on Friday. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. The business has a fifty day moving average of $75.70 and a 200-day moving average of $78.70. 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 stock has a market cap of $72.38 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 2.02 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating 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 analysts predict that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced 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. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 18.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CP shares. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Barclays decreased their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Finally, Stephens increased their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Two investment 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. Based on data from MarketBeat.com, the stock currently has a consensus 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.