WCM Investment Management LLC Sells 1,571,164 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

WCM Investment Management LLC decreased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,598,823 shares of the transportation company’s stock after selling 1,571,164 shares during the quarter. Canadian Pacific Kansas City makes up about 3.8% of WCM Investment Management LLC’s investment portfolio, making the stock its 5th largest position. WCM Investment Management LLC owned 2.42% of Canadian Pacific Kansas City worth $1,626,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of CP. S&CO Inc. boosted its stake in Canadian Pacific Kansas City by 183.3% in the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock worth $1,454,000 after purchasing an additional 11,000 shares in the last quarter. Swiss National Bank lifted its stake in shares of Canadian Pacific Kansas City by 0.8% during the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock valued at $241,645,000 after acquiring an additional 23,000 shares during the period. Oak Family Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $262,000. Barclays PLC lifted its stake in shares of Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after acquiring an additional 81,111 shares during the period. Finally, Toronto Dominion Bank lifted its stake in shares of Canadian Pacific Kansas City by 20.4% during the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock valued at $178,189,000 after acquiring an additional 352,534 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 1.5 %

Shares of Canadian Pacific Kansas City stock opened at $77.17 on Friday. The business’s 50 day simple moving average is $75.54 and its 200 day simple moving average is $78.79. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58. The firm has a market cap of $72.04 billion, a PE ratio of 26.61, a P/E/G ratio of 2.02 and a beta of 0.97. 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 (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio is 18.62%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CP. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada upped their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Stephens upped their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Susquehanna cut their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average 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.