Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,832 shares of the transportation company’s stock after selling 1,975 shares during the period. Thrivent Financial for Lutherans’ holdings in Canadian Pacific Kansas City were worth $1,382,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CP. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $33,000. FSA Wealth Management LLC purchased a new position in Canadian Pacific Kansas City in the third quarter worth $34,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $34,000. YANKCOM Partnership purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $36,000. Finally, Curio Wealth LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter valued at approximately $39,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CP. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Susquehanna reduced their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating on the stock in a research note on Thursday. Stephens boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Citigroup upped their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Barclays reduced their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.95.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $69.31 on Monday. The company has a 50-day moving average of $76.45 and a two-hundred day moving average of $77.42. The stock has a market cap of $64.72 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a one year low of $69.28 and a one year high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.76%. Canadian Pacific Kansas City’s dividend payout ratio is 17.93%.

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.