Granite Group Advisors LLC Decreases Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Granite Group Advisors LLC lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,581 shares of the transportation company’s stock after selling 475 shares during the quarter. Granite Group Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $259,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Grove Bank & Trust boosted its position in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares during the period. Addison Advisors LLC increased its position in Canadian Pacific Kansas City by 246.9% during the third 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 period. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth $34,000. Asset Dedication LLC purchased a new position in shares of Canadian Pacific Kansas City during the third quarter worth about $38,000. Finally, Kennebec Savings Bank acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CP has been the topic of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Barclays dropped their price objective on shares of 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. Bank of America reduced their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Citigroup reduced their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $92.63.

Canadian Pacific Kansas City Trading Down 0.2 %

NYSE:CP opened at $79.86 on Monday. The business’s 50-day simple moving average is $74.91 and its 200-day simple moving average is $79.11. The stock has a market capitalization of $74.56 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. 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.

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.