Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Norden Group LLC

Norden Group LLC cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.2% during the 4th quarter, HoldingsChannel reports. The fund owned 6,623 shares of the transportation company’s stock after selling 594 shares during the period. Norden Group LLC’s holdings in Canadian Pacific Kansas City were worth $479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CP. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $33,000. Addison Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $34,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $34,000. Finally, YANKCOM Partnership acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $36,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $75.80 on Tuesday. The firm has a 50-day moving average price of $76.51 and a 200 day moving average price of $78.55. The firm has a market capitalization of $70.77 billion, a PE ratio of 26.14, a P/E/G ratio of 2.00 and a beta of 0.97. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.93%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CP. Wolfe Research raised shares of 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 report on Wednesday, January 8th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. 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 on the stock in a report on Tuesday, January 7th. Royal Bank of Canada increased their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Barclays dropped their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.