Brasada Capital Management LP Decreases Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Brasada Capital Management LP trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 188,538 shares of the transportation company’s stock after selling 506 shares during the period. Canadian Pacific Kansas City comprises about 2.4% of Brasada Capital Management LP’s portfolio, making the stock its 11th largest holding. Brasada Capital Management LP’s holdings in Canadian Pacific Kansas City were worth $13,907,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CP. Vanguard Group Inc. raised its holdings in Canadian Pacific Kansas City by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock valued at $2,662,978,000 after buying an additional 491,966 shares during the last quarter. Causeway Capital Management LLC increased its position in shares of Canadian Pacific Kansas City by 76.5% in the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company’s stock valued at $1,116,632,000 after acquiring an additional 6,687,770 shares during the period. Norges Bank bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $914,090,000. Invesco Ltd. boosted its holdings in shares of Canadian Pacific Kansas City by 25.7% during the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company’s stock worth $770,526,000 after purchasing an additional 2,177,604 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Canadian Pacific Kansas City by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after purchasing an additional 381,594 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CP has been the subject of a number of recent analyst reports. Barclays lowered their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Royal Bank of Canada upped their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Jefferies Financial Group decreased their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of $91.16.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $72.86 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 stock has a market cap of $67.78 billion, a P/E ratio of 25.12, a P/E/G ratio of 2.00 and a beta of 1.01. The business’s 50 day moving average price is $74.01 and its 200-day moving average price is $75.75. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $88.31.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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 return on equity of 8.86% and a net margin of 25.51%. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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 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 of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.93%.

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.