Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Wulff Hansen & CO.

Wulff Hansen & CO. cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 40.6% in the fourth quarter, Holdings Channel reports. The fund owned 7,349 shares of the transportation company’s stock after selling 5,015 shares during the period. Wulff Hansen & CO.’s holdings in Canadian Pacific Kansas City were worth $532,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $2,602,000. Oak Family Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth about $262,000. Barclays PLC increased its position in shares of Canadian Pacific Kansas City by 2.8% during the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after purchasing an additional 81,111 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Canadian Pacific Kansas City by 20.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock worth $178,189,000 after purchasing an additional 352,534 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth about $249,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CP shares. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Wells Fargo & Company cut their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Susquehanna cut their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada raised their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Stephens lifted their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $74.27 on Wednesday. The stock has a 50-day simple moving average of $76.84 and a 200-day simple moving average of $78.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a market capitalization of $69.34 billion, a PE ratio of 25.61, a PEG ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $90.64.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 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.