Canadian Pacific Kansas City Limited (NYSE:CP) Holdings Decreased by Vestor Capital LLC

Vestor Capital LLC reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 99.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 703 shares of the transportation company’s stock after selling 143,672 shares during the period. Vestor Capital LLC’s holdings in Canadian Pacific Kansas City were worth $56,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sands Capital Management LLC acquired a new stake in Canadian Pacific Kansas City during the third quarter valued at $31,000. Anchor Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $40,000. Independence Bank of Kentucky bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $43,000. McGlone Suttner Wealth Management Inc. acquired a new position in Canadian Pacific Kansas City in the fourth quarter worth approximately $45,000. Finally, Wetzel Investment Advisors Inc. bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $70,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CP shares. Raymond James upped their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Barclays raised their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Susquehanna cut their target price on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Evercore ISI lowered their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Finally, Bank of America cut their price objective on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Stock Performance

CP stock traded up $0.87 during trading hours on Thursday, reaching $82.54. The stock had a trading volume of 1,893,853 shares, compared to its average volume of 2,132,854. The stock has a market capitalization of $76.98 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The stock has a 50-day simple moving average of $86.13 and a 200 day simple moving average of $80.30. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. Analysts predict that Canadian Pacific Kansas City Limited will post 3.15 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

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.