Canadian Pacific Kansas City Limited $CP Shares Sold by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE trimmed its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,223 shares of the transportation company’s stock after selling 6,315 shares during the quarter. Canadian Pacific Kansas City makes up 2.2% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 21st biggest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Canadian Pacific Kansas City were worth $7,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $66,000. Pinnacle Associates Ltd. lifted its stake in Canadian Pacific Kansas City by 3.4% in the third quarter. Pinnacle Associates Ltd. now owns 226,997 shares of the transportation company’s stock valued at $19,317,000 after purchasing an additional 7,516 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in Canadian Pacific Kansas City by 33.5% in the third quarter. Diversify Advisory Services LLC now owns 4,434 shares of the transportation company’s stock valued at $385,000 after purchasing an additional 1,113 shares during the last quarter. Gold Investment Management Ltd. grew its holdings in Canadian Pacific Kansas City by 1.0% during the third quarter. Gold Investment Management Ltd. now owns 90,259 shares of the transportation company’s stock valued at $7,686,000 after purchasing an additional 868 shares during the period. Finally, Quantum Financial Partners LLC bought a new position in Canadian Pacific Kansas City during the third quarter valued at $234,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Down 1.1%

CP opened at $89.60 on Friday. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $96.90. The company has a market cap of $78.40 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.91 and a beta of 1.13. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $89.15 and a 200 day moving average of $88.20.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.68 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

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

Wall Street Analysts Forecast Growth

CP has been the subject of a number of recent research reports. Evercore set a $99.00 target price on Canadian Pacific Kansas City in a research report on Thursday, July 30th. Zacks Research raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. Citigroup reiterated a “cautious” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, October 7th. Weiss Ratings upgraded Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Finally, Susquehanna decreased their price objective on Canadian Pacific Kansas City from $106.00 to $98.00 and set a “positive” rating for the company in a report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $111.83.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

CPKC transports a broad range of freight, including grain and fertilizers, coal, forest products, automotive goods, energy and chemicals, industrial and consumer products, and intermodal shipments.