Tanager Wealth Management LLP Decreases Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Tanager Wealth Management LLP decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 44.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,271 shares of the transportation company’s stock after selling 2,599 shares during the quarter. Tanager Wealth Management LLP’s holdings in Canadian Pacific Kansas City were worth $237,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in Canadian Pacific Kansas City by 2,685.7% in the second quarter. Millennium Management LLC now owns 111,427 shares of the transportation company’s stock valued at $8,773,000 after buying an additional 107,427 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Canadian Pacific Kansas City by 9.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,275 shares of the transportation company’s stock valued at $809,000 after buying an additional 919 shares during the last quarter. GAMMA Investing LLC lifted its stake in Canadian Pacific Kansas City by 8.7% in the third quarter. GAMMA Investing LLC now owns 2,434 shares of the transportation company’s stock valued at $208,000 after buying an additional 195 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its stake in Canadian Pacific Kansas City by 7.9% in the third quarter. Blue Zone Wealth Advisors LLC now owns 51,856 shares of the transportation company’s stock valued at $4,436,000 after buying an additional 3,784 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in Canadian Pacific Kansas City by 4.6% in the third quarter. Dynamic Advisor Solutions LLC now owns 4,334 shares of the transportation company’s stock valued at $371,000 after buying an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $77.10 on Wednesday. The stock’s 50 day moving average price is $75.36 and its 200 day moving average price is $78.89. The firm has a market capitalization of $71.98 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. 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 one year low of $70.89 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 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%. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.39 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.62%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Stephens raised their price target 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. Citigroup raised their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Bank of America dropped their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $95.45.

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.