Canadian Pacific Kansas City Limited (NYSE:CP) Holdings Lowered by Moors & Cabot Inc.

Moors & Cabot Inc. trimmed its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,090 shares of the transportation company’s stock after selling 292 shares during the quarter. Moors & Cabot Inc.’s holdings in Canadian Pacific Kansas City were worth $2,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CP. Mirova US LLC bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Canadian Pacific Kansas City by 398.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after purchasing an additional 1,678,784 shares in the last quarter. Wulff Hansen & CO. raised its holdings in shares of Canadian Pacific Kansas City by 8,261.4% in the 2nd quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock worth $74,282,000 after purchasing an additional 932,216 shares in the last quarter. AGF Management Ltd. raised its holdings in shares of Canadian Pacific Kansas City by 86.5% in the 2nd quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company’s stock worth $125,094,000 after purchasing an additional 735,816 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in shares of Canadian Pacific Kansas City by 5.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after purchasing an additional 723,188 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on CP shares. Bank of America dropped their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Citigroup dropped their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Evercore ISI boosted their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Finally, Stifel Nicolaus dropped their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $93.68.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $73.55 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12 month low of $69.27 and a 12 month high of $91.58. The company’s fifty day moving average is $80.77 and its 200-day moving average is $80.53. The firm has a market cap of $68.65 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the firm earned $0.69 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is presently 20.00%.

Canadian Pacific Kansas City Company 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.