Jefferies Financial Group Inc. Sells 276 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Jefferies Financial Group Inc. trimmed its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,964 shares of the transportation company’s stock after selling 276 shares during the period. Jefferies Financial Group Inc.’s holdings in Canadian Pacific Kansas City were worth $287,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Hudson Bay Capital Management LP increased its position in shares of Canadian Pacific Kansas City by 731.9% in the fourth quarter. Hudson Bay Capital Management LP now owns 153,898 shares of the transportation company’s stock worth $11,138,000 after purchasing an additional 135,398 shares during the last quarter. Geller Advisors LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $602,000. Gotham Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $1,046,000. Graham Capital Management L.P. bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $530,000. Finally, Focus Partners Wealth increased its position in shares of Canadian Pacific Kansas City by 2.0% in the fourth quarter. Focus Partners Wealth now owns 568,945 shares of the transportation company’s stock worth $43,225,000 after purchasing an additional 11,241 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Evercore ISI reduced their price target on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Barclays reduced their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Stephens increased their price target on shares of 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. Finally, Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.63.

Canadian Pacific Kansas City Stock Up 0.1%

Shares of Canadian Pacific Kansas City stock opened at $81.59 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The stock has a market capitalization of $75.92 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 2.00 and a beta of 1.09. The company’s 50 day moving average price is $73.33 and its 200-day moving average price is $75.13.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the business earned $0.93 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a $0.1644 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 21.28%.

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.