Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,572 shares of the transportation company’s stock after selling 230 shares during the period. Harbour Capital Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $560,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JCIC Asset Management Inc. increased its stake in shares of Canadian Pacific Kansas City by 2.0% in the fourth quarter. JCIC Asset Management Inc. now owns 68,479 shares of the transportation company’s stock valued at $4,955,000 after purchasing an additional 1,355 shares during the period. QV Investors Inc. raised its stake in shares of Canadian Pacific Kansas City by 44.0% during the fourth quarter. QV Investors Inc. now owns 346,157 shares of the transportation company’s stock valued at $25,051,000 after purchasing an additional 105,815 shares in the last quarter. Asset Allocation & Management Company LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $262,000. Tilia Fiduciary Partners Inc. grew its position in Canadian Pacific Kansas City by 6.2% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 29,176 shares of the transportation company’s stock valued at $2,111,000 after buying an additional 1,703 shares in the last quarter. Finally, First Hawaiian Bank increased its stake in Canadian Pacific Kansas City by 3.2% during the 4th quarter. First Hawaiian Bank now owns 13,845 shares of the transportation company’s stock valued at $1,002,000 after buying an additional 424 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CP shares. Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Wednesday, January 8th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Wells Fargo & Company dropped their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Sanford C. Bernstein reduced their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $93.56.

Canadian Pacific Kansas City Stock Down 1.1 %

Shares of CP traded down $0.84 during mid-day trading on Monday, reaching $73.85. The company’s stock had a trading volume of 1,536,179 shares, compared to its average volume of 2,420,001. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. 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 cap of $68.93 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The business has a fifty day moving average of $75.11 and a 200 day moving average of $79.33.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. Canadian Pacific Kansas City’s payout ratio is 18.93%.

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.