Artisan Partners Limited Partnership Trims Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Artisan Partners Limited Partnership lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.9% during the 4th quarter, HoldingsChannel reports. The firm owned 4,508,243 shares of the transportation company’s stock after selling 496,278 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Canadian Pacific Kansas City were worth $326,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth $33,000. FSA Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $34,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $34,000. YANKCOM Partnership purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $36,000. Finally, Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CP. Barclays dropped their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Citigroup boosted their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Wells Fargo & Company cut their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday. Two equities research 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.08.

Canadian Pacific Kansas City Stock Up 1.2 %

NYSE CP opened at $73.27 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $89.26. The business’s fifty day simple moving average is $76.62 and its 200-day simple moving average is $77.68. The firm has a market cap of $68.41 billion, a PE ratio of 25.26, a P/E/G ratio of 2.00 and a beta of 0.98.

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, beating the consensus estimate 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%. As a group, equities analysts anticipate 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 paid a dividend of $0.1318 per share. The ex-dividend date of this dividend 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 (DPR) is 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.