JPMorgan Chase & Co. Has $609.93 Million Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

JPMorgan Chase & Co. decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,427,932 shares of the transportation company’s stock after selling 340,430 shares during the period. JPMorgan Chase & Co. owned 0.90% of Canadian Pacific Kansas City worth $609,930,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Thrivent Financial for Lutherans raised its holdings in Canadian Pacific Kansas City by 61.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 19,807 shares of the transportation company’s stock worth $1,694,000 after acquiring an additional 7,573 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Canadian Pacific Kansas City during the 3rd quarter valued at $530,000. Glenmede Trust Co. NA grew its position in Canadian Pacific Kansas City by 0.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 40,218 shares of the transportation company’s stock worth $3,440,000 after purchasing an additional 262 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Canadian Pacific Kansas City by 4,194,400.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,945 shares of the transportation company’s stock worth $3,587,000 after buying an additional 41,944 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Canadian Pacific Kansas City by 0.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 325,689 shares of the transportation company’s stock valued at $27,886,000 after purchasing an additional 1,428 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Down 3.1 %

Shares of CP opened at $69.31 on Friday. The business’s fifty day moving average price is $76.45 and its two-hundred day moving average price is $77.53. The firm has a market capitalization of $64.72 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 52 week low of $69.28 and a 52 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.

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 return on equity of 8.86% and a net margin of 25.51%. On average, 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors 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 yield of 0.76%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Analyst Ratings Changes

CP has been the topic of several analyst reports. Citigroup boosted their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Susquehanna cut their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research note on Thursday. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research note on Wednesday. Finally, Wells Fargo & Company cut 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. Two 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. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $94.95.

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.