Sustainable Growth Advisers LP Decreases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Sustainable Growth Advisers LP lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.7% in the 4th quarter, HoldingsChannel reports. The fund owned 8,795,392 shares of the transportation company’s stock after selling 248,320 shares during the period. Canadian Pacific Kansas City accounts for about 3.2% of Sustainable Growth Advisers LP’s holdings, making the stock its 15th biggest position. Sustainable Growth Advisers LP’s holdings in Canadian Pacific Kansas City were worth $636,523,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $34,000. Kestra Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $33,000. Stonebridge Financial Group LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $34,000. YANKCOM Partnership bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $36,000. Finally, Spire Wealth Management bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $74.13 on Thursday. 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 fifty-two week low of $70.89 and a fifty-two week high of $91.58. The stock has a 50 day moving average price of $76.91 and a two-hundred day moving average price of $78.34. The company has a market capitalization of $69.21 billion, a P/E ratio of 25.56, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results 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 return on equity of 8.86% and a net margin of 25.51%. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CP shares. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research report on Wednesday, January 8th. Citigroup boosted their target price on 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. Stifel Nicolaus dropped their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

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.