Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Sunpointe LLC

Sunpointe LLC trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.5% in the third quarter, HoldingsChannel reports. The firm owned 2,462 shares of the transportation company’s stock after selling 258 shares during the period. Sunpointe LLC’s holdings in Canadian Pacific Kansas City were worth $211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Grove Bank & Trust lifted its stake in shares of Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares during the period. LRI Investments LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at $32,000. Chris Bulman Inc purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $35,000. Asset Dedication LLC purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth $38,000. Finally, ORG Partners LLC acquired a new position in Canadian Pacific Kansas City in the second quarter valued at $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Citigroup started coverage on Canadian Pacific Kansas City in a research report on Wednesday, October 9th. They issued a “buy” rating and a $97.00 target price for the company. Evercore ISI boosted their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Sanford C. Bernstein dropped their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Finally, Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $97.90.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded up $0.71 during mid-day trading on Wednesday, hitting $82.10. The stock had a trading volume of 103,562 shares, compared to its average volume of 2,093,554. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The company has a market cap of $76.60 billion, a PE ratio of 26.08, a PEG ratio of 2.21 and a beta of 0.96. The company’s fifty day simple moving average is $82.64 and its two-hundred day simple moving average is $81.77.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a dividend of $0.1373 per share. The ex-dividend date is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.31%.

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.