Scharf Investments LLC Has $556,000 Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Scharf Investments LLC cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 20.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,683 shares of the transportation company’s stock after selling 1,968 shares during the period. Scharf Investments LLC’s holdings in Canadian Pacific Kansas City were worth $556,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Millennium Management LLC raised its holdings in Canadian Pacific Kansas City by 2,685.7% in the 2nd quarter. Millennium Management LLC now owns 111,427 shares of the transportation company’s stock worth $8,773,000 after acquiring an additional 107,427 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Canadian Pacific Kansas City by 9.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,275 shares of the transportation company’s stock worth $809,000 after purchasing an additional 919 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at approximately $3,267,000. Massmutual Trust Co. FSB ADV grew its holdings in Canadian Pacific Kansas City by 12.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock valued at $107,000 after buying an additional 141 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Canadian Pacific Kansas City by 8.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,434 shares of the transportation company’s stock worth $208,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.3 %

Shares of NYSE:CP opened at $79.57 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a market cap of $74.28 billion, a P/E ratio of 27.44, a P/E/G ratio of 2.04 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58. The company’s 50-day moving average price is $75.34 and its two-hundred day moving average price is $79.05.

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, topping 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%. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.5 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. Shareholders 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 annualized dividend and a yield of 0.66%. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.62%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays cut their target price on shares of 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. Sanford C. Bernstein cut their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Stephens upped their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada raised their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Bank of America dropped their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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.