Dover Advisors LLC Trims Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Dover Advisors LLC lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 38.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,607 shares of the transportation company’s stock after selling 1,639 shares during the quarter. Dover Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $206,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Canadian Pacific Kansas City by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 33,752,798 shares of the transportation company’s stock valued at $2,511,546,000 after purchasing an additional 483,138 shares during the last quarter. FMR LLC raised its position in Canadian Pacific Kansas City by 1.8% in the 3rd quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock valued at $2,304,549,000 after purchasing an additional 553,163 shares during the last quarter. Mackenzie Financial Corp raised its position in Canadian Pacific Kansas City by 5.9% in the 4th quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock valued at $1,122,370,000 after purchasing an additional 787,608 shares during the last quarter. CIBC Asset Management Inc raised its position in Canadian Pacific Kansas City by 0.9% in the 3rd quarter. CIBC Asset Management Inc now owns 9,536,530 shares of the transportation company’s stock valued at $711,045,000 after purchasing an additional 86,525 shares during the last quarter. Finally, Bank of Nova Scotia raised its position in Canadian Pacific Kansas City by 0.4% in the 3rd quarter. Bank of Nova Scotia now owns 8,305,174 shares of the transportation company’s stock valued at $617,332,000 after purchasing an additional 36,287 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a “buy” rating and a $105.00 price target for the company. Bank of America dropped their price objective on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday. Susquehanna Bancshares cut shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $90.00 to $87.00 in a research note on Monday, January 8th. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Finally, StockNews.com raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $96.42.

Canadian Pacific Kansas City Trading Down 0.5 %

Shares of CP stock traded down $0.41 during trading hours on Friday, hitting $81.68. 1,717,833 shares of the company were exchanged, compared to its average volume of 1,899,530. The firm has a market cap of $76.18 billion, a PE ratio of 26.18, a PEG ratio of 2.11 and a beta of 0.94. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $87.04 and a 200 day moving average of $79.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. Analysts expect that Canadian Pacific Kansas City Limited will post 3.16 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 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.