Cwm LLC Has $1.23 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Cwm LLC reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,603 shares of the transportation company’s stock after selling 2,073 shares during the period. Cwm LLC’s holdings in Canadian Pacific Kansas City were worth $1,234,000 as of its most recent SEC filing.

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

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $81.68 on Friday. The stock has a fifty day simple moving average of $87.04 and a two-hundred day simple moving average of $79.85. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The firm has a market cap of $76.18 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.18 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

Analyst Ratings Changes

Several analysts have recently commented on CP shares. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Evercore ISI lowered their price objective 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. Bank of America lowered their price objective on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday. TD Securities downgraded Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Evercore lowered their price objective 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. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.42.

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.