Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. cut its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,148 shares of the transportation company’s stock after selling 2,472 shares during the period. FDx Advisors Inc.’s holdings in Canadian Pacific Kansas City were worth $590,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CP. Sequoia Financial Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 4.9% during the third quarter. Sequoia Financial Advisors LLC now owns 11,978 shares of the transportation company’s stock worth $1,025,000 after buying an additional 561 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Canadian Pacific Kansas City during the third quarter worth $111,380,000. Tanager Wealth Management LLP purchased a new stake in Canadian Pacific Kansas City during the third quarter worth $503,000. JCIC Asset Management Inc. boosted its holdings in Canadian Pacific Kansas City by 4.8% during the third quarter. JCIC Asset Management Inc. now owns 67,124 shares of the transportation company’s stock worth $5,741,000 after buying an additional 3,055 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Canadian Pacific Kansas City by 12.0% during the third quarter. Assenagon Asset Management S.A. now owns 26,624 shares of the transportation company’s stock worth $2,280,000 after buying an additional 2,862 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CP has been the topic of several recent analyst reports. Citigroup increased their price objective 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. Bank of America decreased their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Finally, Stifel Nicolaus decreased their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $78.01 on Friday. The firm has a 50-day simple moving average of $75.97 and a 200-day simple moving average of $78.58. The stock has a market capitalization of $72.83 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 2.04 and a beta of 0.97. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating 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%. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed 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. This represents a $0.53 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is currently 18.62%.

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.