Cutter & CO Brokerage Inc. Reduces Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Cutter & CO Brokerage Inc. trimmed its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 206,563 shares of the transportation company’s stock after selling 1,458 shares during the period. Canadian Pacific Kansas City makes up about 3.6% of Cutter & CO Brokerage Inc.’s holdings, making the stock its 6th largest position. Cutter & CO Brokerage Inc.’s holdings in Canadian Pacific Kansas City were worth $14,949,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Pinnacle Bancorp Inc. raised its holdings in shares of Canadian Pacific Kansas City by 13.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock worth $90,000 after purchasing an additional 150 shares in the last quarter. BKM Wealth Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 2.2% in the 4th quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company’s stock worth $526,000 after purchasing an additional 158 shares in the last quarter. Forte Capital LLC ADV raised its holdings in shares of Canadian Pacific Kansas City by 2.4% in the 3rd quarter. Forte Capital LLC ADV now owns 7,415 shares of the transportation company’s stock worth $634,000 after purchasing an additional 173 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Canadian Pacific Kansas City by 12.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company’s stock worth $118,000 after purchasing an additional 175 shares in the last quarter. Finally, Kolinsky Wealth Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 3.9% during the third quarter. Kolinsky Wealth Management LLC now owns 4,932 shares of the transportation company’s stock valued at $422,000 after acquiring an additional 184 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $77.50 on Wednesday. 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 company has a market capitalization of $72.35 billion, a price-to-earnings ratio of 26.72, a P/E/G ratio of 2.00 and a beta of 0.97. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58. The firm has a 50 day moving average of $76.15 and a two-hundred day moving average of $78.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS 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, equities analysts anticipate 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. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CP. Stephens boosted their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Susquehanna cut their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus cut their price target on shares of 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. Royal Bank of Canada boosted their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.