D.A. Davidson & CO. Sells 6,789 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

D.A. Davidson & CO. trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 18.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,142 shares of the transportation company’s stock after selling 6,789 shares during the quarter. D.A. Davidson & CO.’s holdings in Canadian Pacific Kansas City were worth $2,109,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tower View Wealth Management LLC grew its position in Canadian Pacific Kansas City by 0.3% in the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock worth $4,410,000 after acquiring an additional 130 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in Canadian Pacific Kansas City by 13.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock worth $90,000 after acquiring an additional 150 shares in the last quarter. Forte Capital LLC ADV grew its position in Canadian Pacific Kansas City by 2.4% in the third quarter. Forte Capital LLC ADV now owns 7,415 shares of the transportation company’s stock worth $634,000 after acquiring an additional 173 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Canadian Pacific Kansas City by 12.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company’s stock worth $118,000 after acquiring an additional 175 shares in the last quarter. Finally, Kolinsky Wealth Management LLC grew its position in Canadian Pacific Kansas City by 3.9% in the third quarter. Kolinsky Wealth Management LLC now owns 4,932 shares of the transportation company’s stock worth $422,000 after acquiring an additional 184 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CP. Barclays dropped their price target 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. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Wells Fargo & Company dropped their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada boosted their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Stifel Nicolaus dropped their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Two equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Down 1.1 %

Shares of NYSE CP opened at $77.32 on Friday. 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 firm has a market capitalization of $72.19 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 2.02 and a beta of 0.97. The stock has a 50 day moving average price of $76.02 and a 200 day moving average price of $78.58. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 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.