Johnson Investment Counsel Inc. Sells 2,488 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Johnson Investment Counsel Inc. trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 14.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,086 shares of the transportation company’s stock after selling 2,488 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Canadian Pacific Kansas City were worth $1,092,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CP. Allspring Global Investments Holdings LLC lifted its holdings in shares of Canadian Pacific Kansas City by 281.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock valued at $252,912,000 after purchasing an additional 2,532,519 shares in the last quarter. National Bank of Canada FI raised its holdings in Canadian Pacific Kansas City by 84.4% during the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock worth $251,778,000 after acquiring an additional 1,348,474 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $74,168,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Canadian Pacific Kansas City by 36.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company’s stock worth $245,403,000 after acquiring an additional 769,202 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Canadian Pacific Kansas City during the third quarter worth about $63,179,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Down 1.7 %

Shares of CP stock opened at $73.08 on Wednesday. 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 stock has a market cap of $68.23 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The stock has a 50 day simple moving average of $76.87 and a 200 day simple moving average of $78.37. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating 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, research analysts predict 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 business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.93%.

Analysts Set New Price Targets

CP has been the topic of several analyst reports. Royal Bank of Canada upped their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Stifel Nicolaus dropped their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Citigroup upped their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Finally, Stephens boosted their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

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.