Canadian Pacific Kansas City Limited (NYSE:CP) Position Trimmed by Princeton Capital Management LLC

Princeton Capital Management LLC reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 22.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,374 shares of the transportation company’s stock after selling 3,016 shares during the quarter. Princeton Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $751,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in Canadian Pacific Kansas City by 18.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company’s stock worth $60,000 after acquiring an additional 133 shares during the last quarter. Pinnacle Bancorp Inc. lifted 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 during the last quarter. Wiser Advisor Group LLC boosted its position in Canadian Pacific Kansas City by 9.5% during the 4th quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company’s stock valued at $125,000 after purchasing an additional 150 shares during the period. BKM Wealth Management LLC grew its stake in Canadian Pacific Kansas City by 2.2% during the 4th quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company’s stock worth $526,000 after buying an additional 158 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Canadian Pacific Kansas City by 12.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company’s stock worth $118,000 after buying an additional 175 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $73.32 on Tuesday. The company has a market capitalization of $68.46 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a fifty day moving average of $76.68 and a 200-day moving average of $77.78. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results 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, 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. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Analyst Upgrades and Downgrades

CP has been the subject of several analyst reports. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Citigroup boosted their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Wells Fargo & Company reduced their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Two 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.