Thoroughbred Financial Services LLC Has $810,000 Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Thoroughbred Financial Services LLC reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 33.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,201 shares of the transportation company’s stock after selling 5,526 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Canadian Pacific Kansas City were worth $810,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in Canadian Pacific Kansas City by 18.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company’s stock worth $60,000 after acquiring an additional 133 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 13.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock worth $90,000 after purchasing an additional 150 shares in the last quarter. Wiser Advisor Group LLC grew its position in Canadian Pacific Kansas City by 9.5% in the 4th quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company’s stock valued at $125,000 after purchasing an additional 150 shares during the period. BKM Wealth Management LLC increased its stake in Canadian Pacific Kansas City by 2.2% during the 4th quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company’s stock valued at $526,000 after purchasing an additional 158 shares in the last quarter. Finally, OneAscent Financial Services LLC raised its holdings in Canadian Pacific Kansas City by 4.7% during the fourth quarter. OneAscent Financial Services LLC now owns 3,745 shares of the transportation company’s stock worth $271,000 after buying an additional 167 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $70.26 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market capitalization of $65.60 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a 52-week low of $68.00 and a 52-week high of $89.26. The company has a 50-day simple moving average of $75.73 and a 200 day simple moving average of $76.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.75%. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

Analyst Upgrades and Downgrades

CP has been the subject of a number of analyst reports. Argus set a $90.00 price objective on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Citigroup increased 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. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.68.

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.