Connor Clark & Lunn Investment Management Ltd. Cuts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Connor Clark & Lunn Investment Management Ltd. trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,267,654 shares of the transportation company’s stock after selling 407,127 shares during the period. Canadian Pacific Kansas City comprises about 1.4% of Connor Clark & Lunn Investment Management Ltd.’s portfolio, making the stock its 17th largest holding. Connor Clark & Lunn Investment Management Ltd.’s holdings in Canadian Pacific Kansas City were worth $308,606,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth about $33,000. Addison Advisors LLC lifted its position in Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after buying an additional 279 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at $34,000. Stonebridge Financial Group LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $34,000. Finally, YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 1.7 %

Shares of CP stock opened at $73.08 on Wednesday. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The company has a 50 day moving average price of $76.87 and a 200 day moving average price of $78.37. The stock has a market capitalization of $68.23 billion, a P/E ratio of 25.20, a price-to-earnings-growth 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 predict 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 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CP shares. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus lowered their price objective 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. Stephens raised their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada upped their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Two equities 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Company 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.