Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Locust Wood Capital Advisers LLC

Locust Wood Capital Advisers LLC reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,206,354 shares of the transportation company’s stock after selling 15,359 shares during the quarter. Canadian Pacific Kansas City accounts for 3.0% of Locust Wood Capital Advisers LLC’s portfolio, making the stock its 18th largest position. Locust Wood Capital Advisers LLC owned about 0.13% of Canadian Pacific Kansas City worth $87,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $2,602,000. Oak Family Advisors LLC bought a new position in Canadian Pacific Kansas City in the 4th quarter worth $262,000. Barclays PLC grew its position in Canadian Pacific Kansas City by 2.8% in the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after acquiring an additional 81,111 shares in the last quarter. Toronto Dominion Bank raised its stake in Canadian Pacific Kansas City by 20.4% in the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock worth $178,189,000 after buying an additional 352,534 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $249,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 9.2 %

Shares of CP opened at $73.31 on Thursday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $88.66. The firm has a market capitalization of $68.45 billion, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. 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 stock’s fifty day simple moving average is $74.76 and its 200 day simple moving average is $76.44.

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

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.72%. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Jefferies Financial Group decreased their price target on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Stifel Nicolaus lowered their target price on 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. Finally, Wells Fargo & Company decreased their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $93.55.

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.