Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,952,410 shares of the transportation company’s stock after selling 1,230 shares during the quarter. Canadian Pacific Kansas City accounts for approximately 2.1% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 15th largest position. Beutel Goodman & Co Ltd.’s holdings in Canadian Pacific Kansas City were worth $393,758,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CP. Sands Capital Management LLC purchased a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $31,000. Anchor Investment Management LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $40,000. Independence Bank of Kentucky purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $43,000. McGlone Suttner Wealth Management Inc. purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $45,000. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $52,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded down $0.60 during trading hours on Tuesday, reaching $82.04. The stock had a trading volume of 348,692 shares, compared to its average volume of 2,100,717. The business’s fifty day moving average is $85.23 and its two-hundred day moving average is $81.01. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. The company has a market cap of $76.52 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.32 and a beta of 0.96. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.15 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, July 29th. Investors of record on Friday, June 28th will be paid a $0.141 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is 17.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CP. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 price target for the company. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Susquehanna reduced their target price on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Finally, Bank of America reduced their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Hold” and a consensus target price of $96.67.

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.