Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 32.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,953 shares of the transportation company’s stock after selling 1,900 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Canadian Pacific Kansas City were worth $318,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. New York State Common Retirement Fund lifted its position in Canadian Pacific Kansas City by 23.4% during the 4th quarter. New York State Common Retirement Fund now owns 363,874 shares of the transportation company’s stock worth $28,768,000 after acquiring an additional 69,000 shares during the period. Jennison Associates LLC increased its stake in Canadian Pacific Kansas City by 26.3% in the 4th quarter. Jennison Associates LLC now owns 57,878 shares of the transportation company’s stock valued at $4,577,000 after purchasing an additional 12,036 shares in the last quarter. Duality Advisers LP purchased a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $985,000. OLD National Bancorp IN increased its position in Canadian Pacific Kansas City by 3.4% during the fourth quarter. OLD National Bancorp IN now owns 7,311 shares of the transportation company’s stock worth $578,000 after buying an additional 241 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth $70,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 2.1 %

NYSE CP traded up $1.82 on Tuesday, hitting $88.24. 1,687,286 shares of the stock traded hands, compared to its average volume of 2,033,760. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $87.14 and a 200 day moving average of $79.61. The company has a market capitalization of $82.29 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 2.17 and a beta of 0.94. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.21 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.1415 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.64%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Barclays raised their price target on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Bank of America raised their price target on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Raymond James raised their price objective on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Susquehanna decreased their price objective on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $97.22.

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.