JPMorgan Chase & Co. Sells 340,430 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

JPMorgan Chase & Co. lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,427,932 shares of the transportation company’s stock after selling 340,430 shares during the period. JPMorgan Chase & Co.’s holdings in Canadian Pacific Kansas City were worth $609,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CP. Thrivent Financial for Lutherans boosted its stake in Canadian Pacific Kansas City by 61.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 19,807 shares of the transportation company’s stock worth $1,694,000 after acquiring an additional 7,573 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Canadian Pacific Kansas City in the third quarter worth $530,000. Glenmede Trust Co. NA raised its holdings in Canadian Pacific Kansas City by 0.7% in the third quarter. Glenmede Trust Co. NA now owns 40,218 shares of the transportation company’s stock worth $3,440,000 after purchasing an additional 262 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Canadian Pacific Kansas City by 4,194,400.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,945 shares of the transportation company’s stock worth $3,587,000 after purchasing an additional 41,944 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Canadian Pacific Kansas City by 0.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 325,689 shares of the transportation company’s stock valued at $27,886,000 after buying an additional 1,428 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 3.1 %

Shares of NYSE:CP opened at $69.31 on Friday. Canadian Pacific Kansas City Limited has a 52-week low of $69.28 and a 52-week high of $89.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market capitalization of $64.72 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a 50-day simple moving average of $76.45 and a 200 day simple moving average of $77.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS 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%. Sell-side 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 business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors 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 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

CP has been the topic of several recent analyst reports. Argus set a $90.00 target price on Canadian Pacific Kansas City in a report on Wednesday. Stifel Nicolaus lowered their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Barclays cut their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Royal Bank of Canada raised their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given 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 $94.95.

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.