Clearbridge Investments LLC Has $527.93 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Clearbridge Investments LLC lowered its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,294,919 shares of the transportation company’s stock after selling 808,318 shares during the period. Clearbridge Investments LLC’s holdings in Canadian Pacific Kansas City were worth $527,933,000 as of its most recent SEC filing.

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

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $69.31 on Friday. The company’s 50 day simple moving average is $76.45 and its 200 day simple moving average is $77.48. 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 Limited has a 1 year low of $69.28 and a 1 year high of $89.26. The stock has a market capitalization of $64.72 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CP shares. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research report on Wednesday. Barclays decreased their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Susquehanna cut their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research report on Thursday. Two 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. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price 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.