Rhumbline Advisers Lowers Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Rhumbline Advisers trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,230 shares of the transportation company’s stock after selling 358 shares during the period. Rhumbline Advisers’ holdings in Canadian Pacific Kansas City were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CP. Addison Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after buying an additional 279 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth $34,000. Stonebridge Financial Group LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $34,000. YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $36,000. Finally, Kennebec Savings Bank acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $42,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CP. Royal Bank of Canada boosted their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. 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 report on Thursday, January 30th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a report on Wednesday, January 8th. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Finally, Stephens boosted their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $77.69 on Friday. 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 Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The stock’s 50-day moving average is $76.81 and its two-hundred day moving average is $78.49. The firm has a market cap of $72.54 billion, a P/E ratio of 26.79, a PEG ratio of 2.00 and a beta of 0.98.

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 return on equity of 8.86% and a net margin of 25.51%. Analysts predict 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is 17.93%.

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.