American Century Companies Inc. Sells 1,139,432 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

American Century Companies Inc. lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 35.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,081,598 shares of the transportation company’s stock after selling 1,139,432 shares during the period. American Century Companies Inc. owned about 0.22% of Canadian Pacific Kansas City worth $150,671,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Millstone Evans Group LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth $36,000. 1620 Investment Advisors Inc. bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth $99,000. Ballast Advisors LLC grew its position in shares of Canadian Pacific Kansas City by 3.3% in the 4th quarter. Ballast Advisors LLC now owns 9,494 shares of the transportation company’s stock valued at $687,000 after buying an additional 305 shares during the last quarter. Whittier Trust Co. grew its position in shares of Canadian Pacific Kansas City by 14.2% in the 4th quarter. Whittier Trust Co. now owns 24,527 shares of the transportation company’s stock valued at $1,775,000 after buying an additional 3,059 shares during the last quarter. Finally, Viawealth LLC grew its position in shares of Canadian Pacific Kansas City by 39.6% in the 4th quarter. Viawealth LLC now owns 7,038 shares of the transportation company’s stock valued at $509,000 after buying an additional 1,996 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CP shares. 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 report on Thursday, January 30th. Susquehanna reduced 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 report on Wednesday, January 8th. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Wolfe Research upgraded 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. Finally, Barclays reduced their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Stock Down 2.4 %

CP stock opened at $71.83 on Friday. The stock’s 50 day simple moving average is $76.69 and its 200 day simple moving average is $77.90. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $89.26. 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 company has a market cap of $67.07 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping 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%. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.93%.

About Canadian Pacific Kansas City

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.