Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,708,993 shares of the transportation company’s stock after selling 111,900 shares during the quarter. Swiss National Bank owned 0.29% of Canadian Pacific Kansas City worth $196,052,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of brokerages have weighed in on CP. Susquehanna decreased their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective 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. Barclays reduced their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Royal Bank of Canada lifted their price target 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. Finally, StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. 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’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Stock Down 1.8 %

Shares of CP opened at $72.75 on Friday. The firm has a market cap of $67.93 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.38. The company’s 50-day moving average price is $76.89 and its 200 day moving average price is $78.30. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

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

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

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.