Ieq Capital LLC Sells 771 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Ieq Capital LLC lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,715 shares of the transportation company’s stock after selling 771 shares during the period. Ieq Capital LLC’s holdings in Canadian Pacific Kansas City were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kestra Investment Management LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $33,000. Addison Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after acquiring an additional 279 shares during the last quarter. FSA Wealth Management LLC bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $34,000. Stonebridge Financial Group LLC bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $34,000. Finally, YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $36,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Susquehanna dropped their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Barclays dropped their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $76.51 on Friday. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business has a fifty day simple moving average of $76.35 and a two-hundred day simple moving average of $78.56. The company has a market capitalization of $71.43 billion, a P/E ratio of 26.38, a P/E/G ratio of 2.00 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.69%. 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.