William Blair Investment Management LLC Decreases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

William Blair Investment Management LLC lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 56.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,032,180 shares of the transportation company’s stock after selling 1,342,915 shares during the quarter. William Blair Investment Management LLC’s holdings in Canadian Pacific Kansas City were worth $74,699,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Curio Wealth LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth approximately $39,000. Gold Investment Management Ltd. lifted its stake in Canadian Pacific Kansas City by 1.0% during the fourth quarter. Gold Investment Management Ltd. now owns 79,276 shares of the transportation company’s stock worth $5,739,000 after purchasing an additional 750 shares during the last quarter. Ninepoint Partners LP lifted its stake in Canadian Pacific Kansas City by 41.5% during the fourth quarter. Ninepoint Partners LP now owns 19,165 shares of the transportation company’s stock worth $1,387,000 after purchasing an additional 5,625 shares during the last quarter. Choate Investment Advisors lifted its stake in Canadian Pacific Kansas City by 11.1% during the fourth quarter. Choate Investment Advisors now owns 78,749 shares of the transportation company’s stock worth $5,699,000 after purchasing an additional 7,890 shares during the last quarter. Finally, Montis Financial LLC lifted its stake in Canadian Pacific Kansas City by 12.0% during the fourth quarter. Montis Financial LLC now owns 4,117 shares of the transportation company’s stock worth $298,000 after purchasing an additional 441 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.1 %

Shares of CP stock opened at $75.35 on Tuesday. The business’s fifty day moving average price is $76.90 and its 200 day moving average price is $78.14. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $90.64. The firm has a market capitalization of $70.35 billion, a PE ratio of 25.98, a P/E/G ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates 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 forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CP. Citigroup boosted their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada boosted their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Stephens boosted their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Barclays reduced their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Susquehanna reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently 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.