Legacy Capital Wealth Partners LLC Decreases Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Legacy Capital Wealth Partners LLC lessened its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 52.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,951 shares of the transportation company’s stock after selling 5,565 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Canadian Pacific Kansas City were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. S&CO Inc. grew its holdings in Canadian Pacific Kansas City by 183.3% in the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock worth $1,454,000 after acquiring an additional 11,000 shares during the last quarter. Swiss National Bank boosted its stake in shares of Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock valued at $241,645,000 after purchasing an additional 23,000 shares in the last quarter. Oak Family Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $262,000. Barclays PLC boosted its stake in shares of Canadian Pacific Kansas City by 2.8% during the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after purchasing an additional 81,111 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Canadian Pacific Kansas City by 20.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock valued at $178,189,000 after purchasing an additional 352,534 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CP shares. Barclays cut their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Stephens lifted their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. 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 research report on Thursday, October 24th. Finally, Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $77.53 on Monday. The firm has a 50 day moving average of $75.74 and a 200 day moving average of $78.64. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $72.38 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly 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, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

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.