Fmr LLC Lowers Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Fmr LLC cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 26.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,369,840 shares of the transportation company’s stock after selling 6,822,657 shares during the period. Fmr LLC owned about 2.07% of Canadian Pacific Kansas City worth $1,402,491,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Benjamin Edwards Inc. purchased a new position in Canadian Pacific Kansas City in the third quarter valued at $235,000. Quantinno Capital Management LP raised its position in Canadian Pacific Kansas City by 10.0% in the 3rd quarter. Quantinno Capital Management LP now owns 48,544 shares of the transportation company’s stock valued at $4,156,000 after purchasing an additional 4,425 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Wellington Management Group LLP now owns 2,281,281 shares of the transportation company’s stock valued at $195,326,000 after buying an additional 5,781 shares during the period. Kovitz Investment Group Partners LLC grew its position in shares of Canadian Pacific Kansas City by 74.6% during the third quarter. Kovitz Investment Group Partners LLC now owns 10,432 shares of the transportation company’s stock worth $892,000 after buying an additional 4,458 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter worth approximately $221,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays decreased their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Finally, Stephens upped their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.68.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $70.26 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business has a 50 day simple moving average of $75.73 and a 200-day simple moving average of $76.87. Canadian Pacific Kansas City Limited has a 12 month low of $68.00 and a 12 month high of $89.26. The stock has a market capitalization of $65.60 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 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%. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.75%. Canadian Pacific Kansas City’s dividend payout ratio 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.