K.J. Harrison & Partners Inc Decreases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

K.J. Harrison & Partners Inc reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,023 shares of the transportation company’s stock after selling 9,860 shares during the period. Canadian Pacific Kansas City makes up about 1.2% of K.J. Harrison & Partners Inc’s holdings, making the stock its 19th largest position. K.J. Harrison & Partners Inc’s holdings in Canadian Pacific Kansas City were worth $7,136,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Sands Capital Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth $31,000. Anchor Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $40,000. Independence Bank of Kentucky purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $43,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $45,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $70,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Evercore cut their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Thursday. Susquehanna Bancshares downgraded Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and cut their price target for the stock from $90.00 to $87.00 in a research note on Monday, January 8th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 price target for the company. Finally, Raymond James lifted their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Trading Down 0.5 %

Shares of CP stock traded down $0.43 during trading hours on Friday, hitting $81.66. 1,717,823 shares of the company were exchanged, compared to its average volume of 2,110,016. The firm has a market cap of $76.16 billion, a PE ratio of 26.17, a PEG ratio of 2.10 and a beta of 0.94. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average of $87.04 and a 200 day moving average of $79.80.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.57% and a net margin of 28.27%. Analysts expect that Canadian Pacific Kansas City Limited will post 3.2 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, July 29th. Investors of record on Friday, June 28th will be given a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

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.