Parallel Advisors LLC Trims Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Parallel Advisors LLC trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.9% in the fourth quarter, HoldingsChannel reports. The firm owned 20,986 shares of the transportation company’s stock after selling 845 shares during the period. Parallel Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $1,519,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Gold Investment Management Ltd. raised its stake in Canadian Pacific Kansas City by 1.0% in the 4th quarter. Gold Investment Management Ltd. now owns 79,276 shares of the transportation company’s stock valued at $5,739,000 after purchasing an additional 750 shares during the last quarter. Ninepoint Partners LP grew its holdings in shares of Canadian Pacific Kansas City by 41.5% during the fourth quarter. Ninepoint Partners LP now owns 19,165 shares of the transportation company’s stock worth $1,387,000 after buying an additional 5,625 shares in the last quarter. Choate Investment Advisors raised its position in shares of Canadian Pacific Kansas City by 11.1% in the fourth quarter. Choate Investment Advisors now owns 78,749 shares of the transportation company’s stock valued at $5,699,000 after buying an additional 7,890 shares during the last quarter. Montis Financial LLC boosted its position in Canadian Pacific Kansas City by 12.0% during the fourth quarter. Montis Financial LLC now owns 4,117 shares of the transportation company’s stock worth $298,000 after acquiring an additional 441 shares during the last quarter. Finally, Aviso Financial Inc. grew its stake in Canadian Pacific Kansas City by 15.9% in the 4th quarter. Aviso Financial Inc. now owns 1,012,306 shares of the transportation company’s stock worth $73,279,000 after acquiring an additional 138,545 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

CP stock opened at $74.27 on Wednesday. The firm has a market cap of $69.34 billion, a P/E ratio of 25.61, 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. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $90.64. The stock has a 50-day simple moving average of $76.84 and a 200-day simple moving average of $78.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) 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%. On average, equities analysts predict 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. Shareholders of record on Friday, March 28th will be issued a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CP shares. Royal Bank of Canada raised their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Stifel Nicolaus decreased 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. Finally, Citigroup upped 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 report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $95.45.

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.