Natixis Advisors LLC Reduces Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Natixis Advisors LLC lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 668,826 shares of the transportation company’s stock after selling 58,682 shares during the quarter. Natixis Advisors LLC owned 0.07% of Canadian Pacific Kansas City worth $48,403,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Canadian Pacific Kansas City by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after buying an additional 381,594 shares during the period. Franklin Resources Inc. boosted its stake in Canadian Pacific Kansas City by 9.7% during the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after buying an additional 537,418 shares during the period. Rothschild & Co Wealth Management UK Ltd boosted its stake in shares of Canadian Pacific Kansas City by 1.7% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company’s stock valued at $368,661,000 after purchasing an additional 85,542 shares during the period. Geode Capital Management LLC boosted its stake in shares of Canadian Pacific Kansas City by 7.8% in the third quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock valued at $373,540,000 after purchasing an additional 313,298 shares during the period. Finally, Cantillon Capital Management LLC boosted its stake in shares of Canadian Pacific Kansas City by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 3,725,023 shares of the transportation company’s stock valued at $269,580,000 after purchasing an additional 19,871 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the subject of several recent research reports. Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Stephens raised their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Stock Up 3.5 %

CP stock opened at $75.27 on Monday. 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 Limited has a twelve month low of $70.89 and a twelve month high of $90.64. The company’s 50 day moving average is $76.92 and its two-hundred day moving average is $78.19. The stock has a market cap of $70.28 billion, a P/E ratio of 25.96, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal 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 issued a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.70%. Canadian Pacific Kansas City’s payout ratio is 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.