Fiera Capital Corp Sells 152,616 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Fiera Capital Corp lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,661,661 shares of the transportation company’s stock after selling 152,616 shares during the period. Canadian Pacific Kansas City accounts for about 1.3% of Fiera Capital Corp’s holdings, making the stock its 23rd biggest position. Fiera Capital Corp owned 0.61% of Canadian Pacific Kansas City worth $409,497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Louisbourg Investments Inc. grew its holdings in shares of Canadian Pacific Kansas City by 65.7% during the fourth quarter. Louisbourg Investments Inc. now owns 47,041 shares of the transportation company’s stock worth $3,404,000 after purchasing an additional 18,646 shares in the last quarter. Channing Global Advisors LLC lifted its stake in shares of Canadian Pacific Kansas City by 7.1% in the 4th quarter. Channing Global Advisors LLC now owns 167,169 shares of the transportation company’s stock valued at $12,098,000 after acquiring an additional 11,052 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Canadian Pacific Kansas City by 281.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock valued at $252,912,000 after purchasing an additional 2,532,519 shares during the period. Marks Group Wealth Management Inc boosted its position in Canadian Pacific Kansas City by 7.3% during the 4th quarter. Marks Group Wealth Management Inc now owns 92,693 shares of the transportation company’s stock valued at $6,708,000 after buying an additional 6,266 shares during the period. Finally, Sovran Advisors LLC bought a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $244,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

CP has been the subject of several research reports. Stephens increased their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Susquehanna reduced their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research report on Wednesday, January 8th. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Finally, Citigroup upped their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Price Performance

CP stock opened at $77.86 on Thursday. The business has a fifty day moving average of $75.63 and a two-hundred day moving average of $78.71. The stock has a market cap of $72.69 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week 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.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating 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%. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors 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 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

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.