Canadian Pacific Kansas City Limited $CP Stock Position Decreased by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 40.8% during the 3rd quarter, Holdings Channel reports. The fund owned 62,777 shares of the transportation company’s stock after selling 43,328 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Canadian Pacific Kansas City were worth $5,342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Wealth Asset Management LLC lifted its holdings in Canadian Pacific Kansas City by 9.6% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 9,760 shares of the transportation company’s stock worth $831,000 after buying an additional 856 shares during the last quarter. Pacifica Partners Inc. raised its holdings in Canadian Pacific Kansas City by 19.9% during the third quarter. Pacifica Partners Inc. now owns 2,400 shares of the transportation company’s stock worth $202,000 after purchasing an additional 398 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Canadian Pacific Kansas City by 5.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,704 shares of the transportation company’s stock valued at $315,000 after buying an additional 193 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 384.7% in the third quarter. Farther Finance Advisors LLC now owns 11,322 shares of the transportation company’s stock valued at $964,000 after buying an additional 8,986 shares during the last quarter. Finally, CoreCap Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 208.0% during the third quarter. CoreCap Advisors LLC now owns 3,397 shares of the transportation company’s stock worth $289,000 after acquiring an additional 2,294 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CP. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Citizens Jmp assumed coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Weiss Ratings raised Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.83.

Canadian Pacific Kansas City Stock Up 0.2%

Shares of NYSE CP opened at $84.53 on Friday. The firm has a market cap of $73.97 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 1.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The stock’s 50-day simple moving average is $90.02 and its 200-day simple moving average is $87.60. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the business posted $1.12 earnings per share. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.70 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid a C$0.27 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 1.3%. Canadian Pacific Kansas City’s payout ratio is currently 24.76%.

Canadian Pacific Kansas City Company 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.