William Blair Investment Management LLC Decreases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

William Blair Investment Management LLC lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 56.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,032,180 shares of the transportation company’s stock after selling 1,342,915 shares during the period. William Blair Investment Management LLC owned 0.11% of Canadian Pacific Kansas City worth $74,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in Canadian Pacific Kansas City in the 4th quarter valued at $33,000. FSA Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth $34,000. Stonebridge Financial Group LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $34,000. YANKCOM Partnership purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $36,000. Finally, Curio Wealth LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $75.35 on Tuesday. The company has a market cap of $70.35 billion, a P/E ratio of 25.98, a P/E/G ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a 50-day moving average of $76.90 and a two-hundred day moving average of $78.14. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $90.64.

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, beating 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, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Wednesday, January 8th. Royal Bank of Canada lifted their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Wells Fargo & Company reduced their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Stifel Nicolaus cut their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.45.

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.