TD Private Client Wealth LLC Sells 212 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

TD Private Client Wealth LLC cut its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,902 shares of the transportation company’s stock after selling 212 shares during the quarter. TD Private Client Wealth LLC’s holdings in Canadian Pacific Kansas City were worth $210,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $33,000. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at $34,000. Stonebridge Financial Group LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter worth $34,000. YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $36,000. Finally, Curio Wealth LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on CP. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Royal Bank of Canada upped their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Stifel Nicolaus dropped their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Citigroup upped their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Barclays dropped their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $72.38 on Wednesday. The stock has a 50-day moving average price of $76.64 and a two-hundred day moving average price of $77.71. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $89.26. The company has a market capitalization of $67.58 billion, a PE ratio of 24.96, a P/E/G ratio of 2.00 and a beta of 0.98. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

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 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%. Analysts expect 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 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. This represents a $0.53 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

Canadian Pacific Kansas City Company 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.