Orion Portfolio Solutions LLC Has $13.78 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Orion Portfolio Solutions LLC reduced its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 190,456 shares of the transportation company’s stock after selling 3,496 shares during the period. Orion Portfolio Solutions LLC’s holdings in Canadian Pacific Kansas City were worth $13,783,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $914,090,000. Allspring Global Investments Holdings LLC grew its position in Canadian Pacific Kansas City by 281.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock worth $252,912,000 after acquiring an additional 2,532,519 shares during the last quarter. National Bank of Canada FI increased its holdings in Canadian Pacific Kansas City by 84.4% during the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock valued at $251,778,000 after purchasing an additional 1,348,474 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Canadian Pacific Kansas City in the fourth quarter worth $74,168,000. Finally, M.D. Sass LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter worth $61,076,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

CP has been the topic of several research reports. Susquehanna reduced their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating on the stock in a research report on Thursday. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. 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 report on Thursday, January 30th. Finally, Barclays cut their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.95.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $69.31 on Friday. The firm’s 50 day moving average price is $76.45 and its two-hundred day moving average price is $77.53. 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 twelve month low of $69.28 and a twelve month high of $89.26. The firm has a market cap of $64.72 billion, a P/E ratio of 23.90, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS 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, 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.76%. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

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.