Dover Advisors LLC Sells 1,639 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Dover Advisors LLC lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 38.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,607 shares of the transportation company’s stock after selling 1,639 shares during the period. Dover Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $206,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CP. Legal & General Group Plc purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth $481,016,000. Sustainable Growth Advisers LP boosted its stake in shares of Canadian Pacific Kansas City by 151.4% during the 3rd quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company’s stock worth $583,917,000 after acquiring an additional 4,726,098 shares during the last quarter. Causeway Capital Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth $305,505,000. Toronto Dominion Bank boosted its stake in shares of Canadian Pacific Kansas City by 1,122.4% during the 3rd quarter. Toronto Dominion Bank now owns 3,398,403 shares of the transportation company’s stock worth $252,875,000 after acquiring an additional 3,120,385 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd boosted its stake in shares of Canadian Pacific Kansas City by 100.5% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 4,766,995 shares of the transportation company’s stock worth $354,712,000 after acquiring an additional 2,390,030 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CP. Evercore ISI lowered their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday. Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Thursday. Barclays lifted their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.42.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded down $0.41 during trading hours on Friday, reaching $81.68. The company’s stock had a trading volume of 1,717,833 shares, compared to its average volume of 1,899,530. The firm has a 50 day moving average price of $87.04 and a 200-day moving average price of $79.90. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.46. The stock has a market cap of $76.18 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.11 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.16 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is 17.95%.

Canadian Pacific Kansas City 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.