Beutel Goodman & Co Ltd. Decreases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Beutel Goodman & Co Ltd. lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,640,834 shares of the transportation company’s stock after selling 84,916 shares during the quarter. Canadian Pacific Kansas City comprises about 1.8% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 23rd biggest holding. Beutel Goodman & Co Ltd.’s holdings in Canadian Pacific Kansas City were worth $335,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Canadian Pacific Kansas City Stock Performance

CP stock opened at $69.31 on Friday. Canadian Pacific Kansas City Limited has a 1-year low of $69.28 and a 1-year high of $89.26. The business has a 50-day moving average price of $76.45 and a 200 day moving average price of $77.53. The company has a market capitalization of $64.72 billion, a P/E ratio of 23.90, a PEG 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.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS 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 research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal 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 dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CP. Stephens upped their price objective on 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. Citigroup raised their price target 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. Barclays cut their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $94.95.

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.