Baillie Gifford & Co. Sells 244,911 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Baillie Gifford & Co. cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 16.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,273,244 shares of the transportation company's stock after selling 244,911 shares during the quarter. Baillie Gifford & Co. owned about 0.14% of Canadian Pacific Kansas City worth $109,017,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Encompass Capital Advisors LLC bought a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $11,810,000. Cetera Investment Advisers boosted its position in shares of Canadian Pacific Kansas City by 272.0% during the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company's stock worth $4,874,000 after purchasing an additional 40,380 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at $2,629,000. Raymond James & Associates increased its position in shares of Canadian Pacific Kansas City by 1.5% in the 2nd quarter. Raymond James & Associates now owns 778,881 shares of the transportation company's stock valued at $61,321,000 after buying an additional 11,416 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Canadian Pacific Kansas City by 398.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company's stock worth $165,419,000 after buying an additional 1,678,784 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 1.1 %

Shares of Canadian Pacific Kansas City stock traded down $0.86 on Wednesday, reaching $76.03. 8,224,204 shares of the company were exchanged, compared to its average volume of 2,168,407. Canadian Pacific Kansas City Limited has a one year low of $69.27 and a one year high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $81.94 and a 200 day moving average of $80.74. The company has a market capitalization of $70.96 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 2.28 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results 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 firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. On average, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 19.64%.

Wall Street Analyst Weigh In

CP has been the subject of a number of research analyst reports. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating on the stock in a report on Wednesday, October 9th. Jefferies Financial Group reduced their price target on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, July 17th. Citigroup lowered their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Bank of America cut their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $93.68.

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.