Canadian Pacific Kansas City Limited (NYSE:CP) Holdings Lowered by Manhattan West Asset Management LLC

Manhattan West Asset Management LLC decreased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.5% in the fourth quarter, HoldingsChannel reports. The firm owned 30,725 shares of the transportation company’s stock after selling 4,373 shares during the period. Manhattan West Asset Management LLC’s holdings in Canadian Pacific Kansas City were worth $2,224,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CP. Smartleaf Asset Management LLC boosted its position in shares of Canadian Pacific Kansas City by 18.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company’s stock worth $60,000 after buying an additional 133 shares during the period. Pinnacle Bancorp Inc. boosted its position in Canadian Pacific Kansas City by 13.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock worth $90,000 after acquiring an additional 150 shares during the period. Wiser Advisor Group LLC grew its stake in Canadian Pacific Kansas City by 9.5% during the 4th quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company’s stock valued at $125,000 after acquiring an additional 150 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of Canadian Pacific Kansas City by 2.2% in the 4th quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company’s stock valued at $521,000 after purchasing an additional 152 shares during the period. Finally, BKM Wealth Management LLC lifted its position in shares of Canadian Pacific Kansas City by 2.2% in the fourth quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company’s stock worth $526,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Jefferies Financial Group cut their price objective on Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday. Royal Bank of Canada upped their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Susquehanna reduced their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a report on Thursday, March 27th. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Finally, Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.55.

Canadian Pacific Kansas City Trading Up 3.4 %

CP stock opened at $73.63 on Friday. 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 stock has a market capitalization of $68.74 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 2.00 and a beta of 1.01. The business has a fifty day moving average price of $74.62 and a 200 day moving average price of $76.25. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $88.31.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal 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 issued a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

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.