Pictet North America Advisors SA Cuts Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Pictet North America Advisors SA trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 40.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 185,527 shares of the transportation company’s stock after selling 127,514 shares during the quarter. Canadian Pacific Kansas City accounts for about 1.3% of Pictet North America Advisors SA’s holdings, making the stock its 23rd biggest holding. Pictet North America Advisors SA’s holdings in Canadian Pacific Kansas City were worth $13,426,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CP. CWM LLC lifted its holdings in shares of Canadian Pacific Kansas City by 5.0% in the 3rd quarter. CWM LLC now owns 7,425 shares of the transportation company’s stock worth $635,000 after acquiring an additional 352 shares during the last quarter. Procyon Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $259,000. Creative Planning lifted its holdings in shares of Canadian Pacific Kansas City by 9.6% in the 3rd quarter. Creative Planning now owns 143,058 shares of the transportation company’s stock worth $12,237,000 after acquiring an additional 12,558 shares during the last quarter. Asset Dedication LLC bought a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at $38,000. Finally, Vontobel Holding Ltd. raised its holdings in Canadian Pacific Kansas City by 13.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 5,227 shares of the transportation company’s stock valued at $447,000 after buying an additional 639 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CP has been the subject of a number of recent analyst reports. Bank of America lowered their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Royal Bank of Canada upped their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Susquehanna lowered their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, Citigroup upped their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Stock Up 0.5 %

NYSE:CP opened at $78.24 on Friday. The firm’s 50-day moving average price is $75.66 and its 200-day moving average price is $78.70. The company has a market capitalization of $73.04 billion, a PE ratio of 26.98, a P/E/G ratio of 2.02 and a beta of 0.97. 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 1-year low of $70.89 and a 1-year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.4 EPS 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 given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 18.62%.

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.