Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP – Get Rating) (TSE:CP) by 20.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,295 shares of the transportation company’s stock after selling 1,083 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Canadian Pacific Kansas City were worth $320,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. BDO Wealth Advisors LLC increased its holdings in shares of Canadian Pacific Kansas City by 928.6% in the 4th quarter. BDO Wealth Advisors LLC now owns 360 shares of the transportation company’s stock worth $27,000 after purchasing an additional 325 shares in the last quarter. Romano Brothers AND Company bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $29,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth $29,000. WJ Interests LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $43,000. Finally, Guardian Wealth Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth $50,000. Institutional investors own 72.31% of the company’s stock.
Canadian Pacific Kansas City Price Performance
Shares of Canadian Pacific Kansas City stock opened at $77.05 on Tuesday. The stock’s 50-day simple moving average is $78.60 and its 200-day simple moving average is $77.99. Canadian Pacific Kansas City Limited has a 52 week low of $65.17 and a 52 week high of $83.44. The company has a market capitalization of $71.74 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.14 and a beta of 1.02. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.46.
Canadian Pacific Kansas City Cuts Dividend
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Stifel Nicolaus cut their price objective on Canadian Pacific Kansas City from $78.00 to $75.00 in a report on Tuesday, April 18th. Barclays cut their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, April 12th. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 15th. Argus raised Canadian Pacific Kansas City from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Tuesday, May 16th. Finally, StockNews.com began coverage on Canadian Pacific Kansas City in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.40.
Canadian Pacific Kansas City Profile
Canadian Pacific Kansas City Ltd. provides rail freight transportation services. It offers rail services linking Canada, the United States and Mexico. The company was founded on June 22, 2001 and is headquartered in Calgary, Canada.
Featured Stories
- Get a free copy of the StockNews.com research report on Canadian Pacific Kansas City (CP)
- MarketBeat Week in Review – 5/22 – 5/26
- Big Lots Becomes A Stomach Churning Value Play
- The Melt-Up In Marvell Is On; But Don’t Chase It Higher
- Is Apple a Growth Stock or a Value Stock?
- Costco’s Earnings Call Reassure Economists, Recession Cancelled
Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Kansas City Limited (NYSE:CP – Get Rating) (TSE:CP).
Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter.
