Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Foster Group Inc.

Foster Group Inc. cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,164 shares of the transportation company’s stock after selling 493 shares during the quarter. Foster Group Inc.’s holdings in Canadian Pacific Kansas City were worth $301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in Canadian Pacific Kansas City by 2,685.7% during the second quarter. Millennium Management LLC now owns 111,427 shares of the transportation company’s stock worth $8,773,000 after buying an additional 107,427 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Canadian Pacific Kansas City by 9.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,275 shares of the transportation company’s stock worth $809,000 after purchasing an additional 919 shares during the period. IMS Capital Management purchased a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $532,000. Granite Bay Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at $513,000. Finally, Sanctuary Advisors LLC acquired a new position in Canadian Pacific Kansas City during the second quarter valued at $3,267,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of research analyst reports. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Susquehanna reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Sanford C. Bernstein cut their price target 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 note on Wednesday, October 9th. Bank of America lowered their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Barclays decreased their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $92.63.

Canadian Pacific Kansas City Stock Down 1.9 %

Shares of CP stock opened at $79.15 on Wednesday. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58. The company has a market capitalization of $73.89 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 2.01 and a beta of 0.96. 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 firm has a fifty day moving average of $75.04 and a 200-day moving average of $79.08.

Canadian Pacific Kansas City 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.