Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Dakota Wealth Management

Dakota Wealth Management reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,975 shares of the transportation company’s stock after selling 957 shares during the quarter. Dakota Wealth Management’s holdings in Canadian Pacific Kansas City were worth $1,366,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Grove Bank & Trust grew its position in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at about $32,000. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City during the second quarter worth about $35,000. Asset Dedication LLC purchased a new position in Canadian Pacific Kansas City during the third quarter worth about $38,000. Finally, ORG Partners LLC acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at about $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $77.11 on Friday. Canadian Pacific Kansas City Limited has a fifty-two week low of $69.07 and a fifty-two week high of $91.58. The company has a market capitalization of $71.95 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.21 and a beta of 0.96. The stock has a fifty day moving average of $82.86 and a two-hundred day moving average of $81.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.2 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. Investors of record on Friday, December 27th will be paid a dividend of $0.14 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.95%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Bank of America cut their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday. Citigroup increased their price objective on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group decreased their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Sanford C. Bernstein cut their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Finally, Susquehanna raised shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price objective for the stock from $94.00 to $92.00 in a report on Thursday. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $93.95.

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.