Coldstream Capital Management Inc. Cuts Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Coldstream Capital Management Inc. decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 19.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,556 shares of the transportation company’s stock after selling 2,487 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Canadian Pacific Kansas City were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CP. Kovitz Investment Group Partners LLC boosted its holdings in Canadian Pacific Kansas City by 34.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 14,066 shares of the transportation company’s stock worth $1,018,000 after purchasing an additional 3,634 shares during the last quarter. Hancock Whitney Corp boosted its holdings in Canadian Pacific Kansas City by 0.7% in the fourth quarter. Hancock Whitney Corp now owns 25,368 shares of the transportation company’s stock worth $1,836,000 after purchasing an additional 173 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in Canadian Pacific Kansas City by 205.5% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,257,338 shares of the transportation company’s stock worth $90,994,000 after purchasing an additional 845,747 shares during the last quarter. Mar Vista Investment Partners LLC boosted its holdings in Canadian Pacific Kansas City by 5.7% in the fourth quarter. Mar Vista Investment Partners LLC now owns 74,399 shares of the transportation company’s stock worth $5,384,000 after purchasing an additional 4,029 shares during the last quarter. Finally, Freshford Capital Management LLC purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth approximately $17,182,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

CP has been the topic of several research reports. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Citigroup decreased their price target on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Wolfe Research upgraded 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 report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased 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 research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of $91.33.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $71.79 on Tuesday. The firm has a market cap of $66.78 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $73.56 and a 200-day moving average price of $75.47. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data 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%. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Friday, March 28th were paid a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

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.