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

Parallel Advisors LLC lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,986 shares of the transportation company’s stock after selling 845 shares during the quarter. Parallel Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $1,519,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Smartleaf Asset Management LLC lifted its position in Canadian Pacific Kansas City by 18.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 133 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 13.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 150 shares during the last quarter. Wiser Advisor Group LLC boosted its position in shares of Canadian Pacific Kansas City by 9.5% in the 4th quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company’s stock valued at $125,000 after purchasing an additional 150 shares during the period. BKM Wealth Management LLC grew its stake in Canadian Pacific Kansas City by 2.2% during the 4th quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company’s stock worth $526,000 after buying an additional 158 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Canadian Pacific Kansas City by 12.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company’s stock worth $118,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $74.27 on Wednesday. The firm’s fifty day simple moving average is $76.84 and its 200-day simple moving average is $78.08. 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 stock has a market cap of $69.34 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $90.64.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping 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%. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CP. Wells Fargo & Company decreased their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. 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 on the stock in a research report on Wednesday, January 8th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Citigroup raised their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Barclays reduced their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Company 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.