Canadian Pacific Kansas City Limited $CP Stock Sold by Ninety One North America Inc.

Ninety One North America Inc. lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 22.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 158,248 shares of the transportation company’s stock after selling 46,882 shares during the quarter. Ninety One North America Inc.’s holdings in Canadian Pacific Kansas City were worth $13,509,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Canadian Pacific Kansas City by 3.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock worth $304,000 after acquiring an additional 130 shares during the period. First Eagle Investment Management LLC boosted its stake in Canadian Pacific Kansas City by 4.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,516 shares of the transportation company’s stock valued at $305,000 after purchasing an additional 134 shares during the period. Foster Group Inc. grew its position in Canadian Pacific Kansas City by 3.3% in the 2nd quarter. Foster Group Inc. now owns 4,279 shares of the transportation company’s stock worth $371,000 after purchasing an additional 137 shares during the last quarter. Modern Wealth Management LLC grew its position in Canadian Pacific Kansas City by 1.2% in the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock worth $950,000 after purchasing an additional 142 shares during the last quarter. Finally, Altshuler Shaham Ltd grew its position in Canadian Pacific Kansas City by 1.2% in the 1st quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company’s stock worth $926,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. Canadian Imperial Bank of Commerce raised their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Evercore set a $99.00 target price on Canadian Pacific Kansas City in a report on Thursday, July 30th. Wells Fargo & Company increased their price target on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Finally, Susquehanna decreased their target price on Canadian Pacific Kansas City from $106.00 to $98.00 and set a “positive” rating for the company in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $111.83.

Canadian Pacific Kansas City Stock Up 0.4%

Shares of Canadian Pacific Kansas City stock traded up $0.33 during midday trading on Thursday, hitting $86.45. The company’s stock had a trading volume of 602,812 shares, compared to its average volume of 2,659,425. The firm has a market capitalization of $75.65 billion, a P/E ratio of 27.80, a PEG ratio of 1.80 and a beta of 1.13. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $96.90. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $89.72 and a 200-day simple moving average of $87.79.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the company posted $1.12 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.70 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a C$0.27 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is 24.76%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.