M&T Bank Corp Cuts Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

M&T Bank Corp lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 21.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,267 shares of the transportation company’s stock after selling 21,218 shares during the quarter. M&T Bank Corp’s holdings in Canadian Pacific Kansas City were worth $5,664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CP. Kestra Investment Management LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $33,000. Addison Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City in the third quarter valued at approximately $34,000. Stonebridge Financial Group LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $34,000. Finally, YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $77.69 on Friday. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business has a 50 day simple moving average of $76.81 and a 200-day simple moving average of $78.49. The stock has a market capitalization of $72.54 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

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, 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%. Equities analysts predict 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 declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Citigroup upped their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada upped their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Company 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.