Jackson Square Partners LLC Sells 4,314 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Jackson Square Partners LLC trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 84,851 shares of the transportation company’s stock after selling 4,314 shares during the quarter. Jackson Square Partners LLC’s holdings in Canadian Pacific Kansas City were worth $6,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $33,000. FSA Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter worth about $34,000. Stonebridge Financial Group LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $34,000. YANKCOM Partnership purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $36,000. Finally, Millstone Evans Group LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $36,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

CP opened at $73.32 on Tuesday. 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’s 50 day simple moving average is $76.68 and its 200 day simple moving average is $77.78. The firm has a market cap of $68.46 billion, a price-to-earnings ratio of 25.28, 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 $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its 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%. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders 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 dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.93%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CP. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada lifted their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Stifel Nicolaus dropped their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

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.