Hudson Value Partners LLC Sells 23,422 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Hudson Value Partners LLC reduced its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 42.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 32,374 shares of the transportation company’s stock after selling 23,422 shares during the period. Hudson Value Partners LLC’s holdings in Canadian Pacific Kansas City were worth $2,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Lorne Steinberg Wealth Management Inc. lifted its position in Canadian Pacific Kansas City by 14.0% during the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 89,946 shares of the transportation company’s stock valued at $6,506,000 after purchasing an additional 11,035 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Canadian Pacific Kansas City by 37.8% in the 4th quarter. New York State Common Retirement Fund now owns 168,229 shares of the transportation company’s stock worth $12,175,000 after buying an additional 46,171 shares during the last quarter. BKM Wealth Management LLC boosted its stake in Canadian Pacific Kansas City by 2.2% in the 4th quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company’s stock worth $526,000 after purchasing an additional 158 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at approximately $33,000. Finally, Venturi Wealth Management LLC boosted its holdings in Canadian Pacific Kansas City by 45.6% during the fourth quarter. Venturi Wealth Management LLC now owns 9,113 shares of the transportation company’s stock worth $660,000 after buying an additional 2,852 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CP has been the subject of a number of recent research reports. Stephens increased 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 report on Thursday, January 30th. Bank of America reduced their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Barclays reduced their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company cut their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Stock Up 2.3 %

Shares of Canadian Pacific Kansas City stock opened at $79.30 on Wednesday. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock has a market cap of $74.04 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. The business has a fifty day simple moving average of $75.85 and a 200 day simple moving average of $78.59.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.4 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given 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 0.67%. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.62%.

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.