Connable Office Inc. Has $1.18 Million Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Connable Office Inc. lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 25.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,353 shares of the transportation company’s stock after selling 5,619 shares during the quarter. Connable Office Inc.’s holdings in Canadian Pacific Kansas City were worth $1,183,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CP. Assenagon Asset Management S.A. boosted its holdings in Canadian Pacific Kansas City by 12.0% during the third quarter. Assenagon Asset Management S.A. now owns 26,624 shares of the transportation company’s stock worth $2,280,000 after purchasing an additional 2,862 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Canadian Pacific Kansas City by 23.2% during the third quarter. First Trust Direct Indexing L.P. now owns 13,571 shares of the transportation company’s stock worth $1,161,000 after purchasing an additional 2,552 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Canadian Pacific Kansas City by 47.2% during the third quarter. Van ECK Associates Corp now owns 375,295 shares of the transportation company’s stock worth $29,373,000 after purchasing an additional 120,280 shares during the last quarter. Intact Investment Management Inc. boosted its holdings in Canadian Pacific Kansas City by 37.3% during the third quarter. Intact Investment Management Inc. now owns 321,441 shares of the transportation company’s stock worth $27,494,000 after purchasing an additional 87,410 shares during the last quarter. Finally, PDS Planning Inc boosted its holdings in Canadian Pacific Kansas City by 36.6% during the third quarter. PDS Planning Inc now owns 5,758 shares of the transportation company’s stock worth $493,000 after purchasing an additional 1,543 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $77.85 on Friday. The firm has a market capitalization of $72.69 billion, a PE ratio of 26.85, a PEG ratio of 2.00 and a beta of 0.97. The company’s 50-day moving average is $76.46 and its 200-day moving average is $78.56. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 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%. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Analyst Ratings Changes

Several research analysts recently commented on CP shares. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Royal Bank of Canada upped their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Stifel Nicolaus dropped their price target 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently 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.