Russell Investments Group Ltd. Cuts Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Russell Investments Group Ltd. reduced its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 743,246 shares of the transportation company’s stock after selling 42,820 shares during the period. Russell Investments Group Ltd.’s holdings in Canadian Pacific Kansas City were worth $53,788,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CP. Smartleaf Asset Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 18.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 133 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in Canadian Pacific Kansas City by 13.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 150 shares during the period. Wiser Advisor Group LLC lifted its stake in shares of Canadian Pacific Kansas City by 9.5% during the fourth quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company’s stock worth $125,000 after purchasing an additional 150 shares in the last quarter. BKM Wealth Management LLC boosted its position in shares of Canadian Pacific Kansas City by 2.2% in the fourth 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 period. Finally, OneAscent Financial Services LLC grew its stake in shares of Canadian Pacific Kansas City by 4.7% in the fourth quarter. OneAscent Financial Services LLC now owns 3,745 shares of the transportation company’s stock valued at $271,000 after buying an additional 167 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $70.26 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $65.60 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a twelve month low of $68.00 and a twelve month high of $89.26. The business has a 50 day simple moving average of $75.73 and a 200-day simple moving average of $76.87.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating 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 research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Stephens boosted their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Citigroup lifted their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Susquehanna decreased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.68.

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.