Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $318,000 Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 32.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,953 shares of the transportation company’s stock after selling 1,900 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Canadian Pacific Kansas City were worth $318,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. YCG LLC lifted its stake in Canadian Pacific Kansas City by 32.5% during the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after purchasing an additional 91,276 shares during the period. SG Americas Securities LLC lifted its stake in Canadian Pacific Kansas City by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock worth $7,606,000 after purchasing an additional 12,748 shares during the period. Element Capital Management LLC bought a new position in Canadian Pacific Kansas City during the third quarter worth about $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Canadian Pacific Kansas City by 5.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock worth $24,525,000 after purchasing an additional 14,557 shares during the period. Finally, Asset Management One Co. Ltd. bought a new position in Canadian Pacific Kansas City during the fourth quarter worth about $5,392,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CP shares. Raymond James lifted their target price on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday. Susquehanna Bancshares cut shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and cut their target price for the company from $90.00 to $87.00 in a research note on Monday, January 8th. 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. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Finally, Stifel Nicolaus lifted their target price on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $97.22.

Canadian Pacific Kansas City Trading Up 2.1 %

CP traded up $1.82 during trading on Tuesday, reaching $88.24. 1,687,286 shares of the company’s stock were exchanged, compared to its average volume of 2,033,760. The company’s fifty day moving average price is $87.14 and its 200-day moving average price is $79.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The firm has a market capitalization of $82.29 billion, a PE ratio of 27.83, a P/E/G ratio of 2.17 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.21 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. This represents a $0.57 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is currently 17.83%.

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.