Vanderbilt University Sells 1,986 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Vanderbilt University cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 56,217 shares of the transportation company’s stock after selling 1,986 shares during the period. Canadian Pacific Kansas City accounts for 0.8% of Vanderbilt University’s holdings, making the stock its 25th biggest position. Vanderbilt University’s holdings in Canadian Pacific Kansas City were worth $4,068,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CP. Grove Bank & Trust boosted its holdings in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares during the last quarter. Addison Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares during the period. FSA Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth $34,000. Asset Dedication LLC bought a new stake in shares of Canadian Pacific Kansas City in the third quarter worth $38,000. Finally, Kennebec Savings Bank purchased a new stake in Canadian Pacific Kansas City during the third quarter valued at $42,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank of Canada raised their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Stephens upped 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 report on Thursday, January 30th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Finally, Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $78.25 on Thursday. The company has a market capitalization of $73.05 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.06 and a beta of 0.97. 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’s 50-day simple moving average is $75.41 and its 200-day simple moving average is $78.84. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results 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 return on equity of 8.86% and a net margin of 25.51%. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.39 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.67%. Canadian Pacific Kansas City’s payout ratio is 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.