Mn Services Vermogensbeheer B.V. Sells 14,200 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Mn Services Vermogensbeheer B.V. cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 442,015 shares of the transportation company’s stock after selling 14,200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Canadian Pacific Kansas City were worth $35,144,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Stonebridge Capital Advisors LLC increased its stake in Canadian Pacific Kansas City by 750.0% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. Sands Capital Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $31,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in Canadian Pacific Kansas City in the third quarter valued at about $29,000. Anchor Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $40,000. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CP has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a research note on Friday. TD Securities cut shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Bank of America boosted their target price on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Finally, StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Hold” and an average target price of $95.29.

Canadian Pacific Kansas City Price Performance

CP traded down $0.60 on Friday, reaching $86.05. The company had a trading volume of 1,966,415 shares, compared to its average volume of 1,650,359. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58. The company has a market cap of $80.25 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 2.21 and a beta of 0.94. The business has a 50 day simple moving average of $87.12 and a 200 day simple moving average of $79.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.22 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.83%.

Canadian Pacific Kansas City 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.