Korea Investment CORP Has $49.62 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Korea Investment CORP lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 26.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 685,624 shares of the transportation company’s stock after selling 241,157 shares during the period. Korea Investment CORP owned approximately 0.07% of Canadian Pacific Kansas City worth $49,617,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Mendel Money Management acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $411,000. Financial Counselors Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 15.4% during the 4th quarter. Financial Counselors Inc. now owns 185,670 shares of the transportation company’s stock worth $13,437,000 after acquiring an additional 24,792 shares during the period. Mufg Securities Canada LTD. lifted its holdings in shares of Canadian Pacific Kansas City by 72.1% during the 4th quarter. Mufg Securities Canada LTD. now owns 1,425,248 shares of the transportation company’s stock worth $103,128,000 after acquiring an additional 597,144 shares during the period. Morey & Quinn Wealth Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $423,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $89,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $71.59 on Friday. The firm has a 50 day simple moving average of $76.56 and a 200 day simple moving average of $77.64. 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 current ratio of 0.53 and a quick ratio of 0.46. The firm has a market cap of $66.84 billion, a P/E ratio of 24.68, a P/E/G ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its 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%. Sell-side analysts predict 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 firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CP. Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Barclays reduced their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.95.

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.