Altshuler Shaham Ltd Decreases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Altshuler Shaham Ltd cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,854 shares of the transportation company’s stock after selling 2,786 shares during the quarter. Altshuler Shaham Ltd’s holdings in Canadian Pacific Kansas City were worth $1,871,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Canadian Pacific Kansas City by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock valued at $2,662,978,000 after purchasing an additional 491,966 shares during the last quarter. Causeway Capital Management LLC raised its holdings in Canadian Pacific Kansas City by 76.5% during the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company’s stock valued at $1,116,632,000 after buying an additional 6,687,770 shares during the period. Norges Bank bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth $914,090,000. Invesco Ltd. boosted its stake in Canadian Pacific Kansas City by 25.7% during the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company’s stock worth $770,526,000 after buying an additional 2,177,604 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Canadian Pacific Kansas City by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock valued at $750,046,000 after acquiring an additional 381,594 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CP. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Jefferies Financial Group dropped their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Stephens increased their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Barclays dropped their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company reduced their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.75.

Canadian Pacific Kansas City Trading Down 0.9 %

CP opened at $73.02 on Thursday. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $88.31. The stock has a fifty day moving average price of $74.36 and a 200-day moving average price of $76.07. The firm has a market cap of $67.93 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.00 and a beta of 1.01. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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 anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company 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 $0.1318 dividend. The ex-dividend date 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.