Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC decreased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,294,919 shares of the transportation company’s stock after selling 808,318 shares during the period. Clearbridge Investments LLC owned about 0.78% of Canadian Pacific Kansas City worth $527,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter valued at approximately $33,000. FSA Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $34,000. Stonebridge Financial Group LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $34,000. YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $36,000. Finally, Millstone Evans Group LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter worth $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $69.31 on Friday. Canadian Pacific Kansas City Limited has a 52 week low of $69.28 and a 52 week high of $89.26. The stock has a market cap of $64.72 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $76.45 and its two-hundred day moving average price is $77.48.

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 (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%. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS 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. Shareholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Analysts Set New Price Targets

CP has been the topic of a number of recent analyst reports. 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 note on Wednesday, January 8th. Susquehanna dropped their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research note on Thursday. Wells Fargo & Company cut their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Finally, Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned 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 target price 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.