Intact Investment Management Inc. Has $15.09 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Intact Investment Management Inc. cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 35.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 208,461 shares of the transportation company’s stock after selling 112,980 shares during the quarter. Intact Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $15,092,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CP. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $33,000. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $34,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $34,000. YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. Finally, Spire Wealth Management acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $44,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Barclays dropped their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Stephens lifted their price target 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. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research 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 stock. 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 Trading Down 1.8 %

Shares of Canadian Pacific Kansas City stock opened at $72.75 on Friday. The firm has a market capitalization of $67.93 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company’s fifty day moving average price is $76.89 and its two-hundred day moving average price is $78.30. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.38.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (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%. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

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.