Johnson Investment Counsel Inc. Sells 2,488 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Johnson Investment Counsel Inc. lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 14.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,086 shares of the transportation company’s stock after selling 2,488 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Canadian Pacific Kansas City were worth $1,092,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Canadian Pacific Kansas City by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after acquiring an additional 381,594 shares during the period. Franklin Resources Inc. lifted its position in shares of Canadian Pacific Kansas City by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after acquiring an additional 537,418 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its position in shares of Canadian Pacific Kansas City by 1.7% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company’s stock worth $368,661,000 after acquiring an additional 85,542 shares during the period. Geode Capital Management LLC lifted its position in shares of Canadian Pacific Kansas City by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock worth $373,540,000 after acquiring an additional 313,298 shares during the period. Finally, Cantillon Capital Management LLC lifted its position in shares of Canadian Pacific Kansas City by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 3,725,023 shares of the transportation company’s stock worth $269,580,000 after acquiring an additional 19,871 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CP. Stephens raised their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Citigroup raised their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Royal Bank of Canada raised their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research 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 issued a buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $73.08 on Wednesday. The business’s 50-day moving average price is $76.87 and its two-hundred day moving average price is $78.37. 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 cap of $68.23 billion, a PE ratio of 25.20, a P/E/G ratio of 2.00 and a beta of 0.98. 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 posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 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, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio is presently 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.