Sustainable Growth Advisers LP Trims Holdings in Canadian Pacific Kansas City Limited $CP

Sustainable Growth Advisers LP cut its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,100,324 shares of the transportation company’s stock after selling 263,386 shares during the quarter. Canadian Pacific Kansas City accounts for approximately 3.3% of Sustainable Growth Advisers LP’s holdings, making the stock its 12th largest position. Sustainable Growth Advisers LP’s holdings in Canadian Pacific Kansas City were worth $642,113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CP. Vanderbilt University raised its position in shares of Canadian Pacific Kansas City by 10.3% during the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock worth $5,982,000 after purchasing an additional 7,050 shares during the period. Ninety One North America Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 135.7% during the second quarter. Ninety One North America Inc. now owns 206,785 shares of the transportation company’s stock valued at $16,394,000 after acquiring an additional 119,052 shares during the period. Key Financial Inc bought a new position in shares of Canadian Pacific Kansas City during the second quarter worth about $371,000. Scheer Rowlett & Associates Investment Management Ltd. increased its holdings in shares of Canadian Pacific Kansas City by 2.2% in the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 648,343 shares of the transportation company’s stock worth $51,410,000 after acquiring an additional 14,260 shares during the period. Finally, TD Asset Management Inc increased its holdings in shares of Canadian Pacific Kansas City by 0.7% in the 2nd quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock worth $1,665,106,000 after acquiring an additional 136,970 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CP shares. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. National Bankshares reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Royal Bank Of Canada lowered their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.69.

Canadian Pacific Kansas City Stock Down 0.8%

Shares of CP stock opened at $70.60 on Friday. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The business’s fifty day moving average is $74.41 and its 200-day moving average is $76.77. The stock has a market cap of $63.34 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.04 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 1.3%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.12%.

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.