Locust Wood Capital Advisers LLC Lowers Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Locust Wood Capital Advisers LLC cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,206,354 shares of the transportation company’s stock after selling 15,359 shares during the quarter. Canadian Pacific Kansas City accounts for 3.0% of Locust Wood Capital Advisers LLC’s portfolio, making the stock its 18th largest holding. Locust Wood Capital Advisers LLC’s holdings in Canadian Pacific Kansas City were worth $87,304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $33,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $34,000. YANKCOM Partnership purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $36,000. Millstone Evans Group LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $36,000. Finally, Curio Wealth LLC bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $39,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Trading Up 9.2 %

Canadian Pacific Kansas City stock opened at $73.31 on Thursday. 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 one year low of $66.49 and a one year high of $88.66. The business’s fifty day moving average is $74.76 and its 200 day moving average is $76.44. The stock has a market capitalization of $68.45 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01.

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 (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%. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.93%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CP. Barclays cut their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Stephens increased their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.55.

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.