Groupama Asset Managment Reduces Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Groupama Asset Managment lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 97.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,943 shares of the transportation company’s stock after selling 739,191 shares during the quarter. Groupama Asset Managment’s holdings in Canadian Pacific Kansas City were worth $1,226,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $33,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at approximately $34,000. YANKCOM Partnership purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $36,000. Finally, Curio Wealth LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 2.2 %

Shares of Canadian Pacific Kansas City stock opened at $72.60 on Thursday. 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 company has a fifty day simple moving average of $76.11 and a 200-day simple moving average of $77.17. The stock has a market cap of $67.79 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 12-month low of $68.00 and a 12-month high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data 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 return on equity of 8.86% and a net margin of 25.51%. On average, equities analysts forecast 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 will be paid on Monday, April 28th. Shareholders 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 0.73%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.93%.

Analysts Set New Price Targets

CP has been the topic of several research analyst reports. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Wells Fargo & Company dropped their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Susquehanna reduced their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating on the stock in a report on Thursday, March 27th. Finally, StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Two equities 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, the stock has an average rating of “Moderate Buy” and an average target price of $94.68.

Canadian Pacific Kansas City 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.