Canadian Pacific Kansas City Limited (NYSE:CP) Position Cut by Vestor Capital LLC

Vestor Capital LLC trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 99.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 703 shares of the transportation company’s stock after selling 143,672 shares during the quarter. Vestor Capital LLC’s holdings in Canadian Pacific Kansas City were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth about $481,016,000. Sustainable Growth Advisers LP raised its holdings in Canadian Pacific Kansas City by 151.4% in the 3rd quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company’s stock worth $583,917,000 after acquiring an additional 4,726,098 shares during the period. Causeway Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $305,505,000. Toronto Dominion Bank raised its stake in Canadian Pacific Kansas City by 1,122.4% during the 3rd quarter. Toronto Dominion Bank now owns 3,398,403 shares of the transportation company’s stock valued at $252,875,000 after purchasing an additional 3,120,385 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in Canadian Pacific Kansas City by 46.2% during the third quarter. Artisan Partners Limited Partnership now owns 7,486,038 shares of the transportation company’s stock worth $556,586,000 after buying an additional 2,365,744 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 1.1 %

NYSE CP traded up $0.87 on Thursday, hitting $82.54. 1,893,853 shares of the company were exchanged, compared to its average volume of 2,132,854. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58. The company has a market cap of $76.98 billion, a PE ratio of 26.46, a PEG ratio of 2.26 and a beta of 0.96. The stock has a fifty day moving average of $86.13 and a 200-day moving average of $80.30. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a $0.141 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CP shares. Barclays upped their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Bank of America dropped their target price on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Evercore ISI reduced their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Finally, StockNews.com raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.42.

About Canadian Pacific Kansas City

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.