Short Interest in Canadian Pacific Kansas City Limited (NYSE:CP) Drops By 5.1%

Canadian Pacific Kansas City Limited (NYSE:CP - Get Free Report) TSE: CP was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 6,760,000 shares, a drop of 5.1% from the November 30th total of 7,120,000 shares. Based on an average trading volume of 2,890,000 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Trading of Canadian Pacific Kansas City

Large investors have recently made changes to their positions in the business. Bank of Montreal Can raised its holdings in Canadian Pacific Kansas City by 2.8% during the 2nd quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company's stock valued at $1,580,556,000 after buying an additional 533,792 shares during the period. 1832 Asset Management L.P. increased its position in Canadian Pacific Kansas City by 5.5% during the second quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company's stock valued at $1,088,155,000 after acquiring an additional 723,188 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Canadian Pacific Kansas City by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company's stock valued at $909,721,000 after acquiring an additional 216,062 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Canadian Pacific Kansas City by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock worth $750,046,000 after acquiring an additional 381,594 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Canadian Pacific Kansas City by 9.7% during the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock worth $501,219,000 after purchasing an additional 537,418 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CP has been the topic of several analyst reports. Stifel Nicolaus lowered their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a research report on Friday, October 11th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Sanford C. Bernstein reduced their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a report on Wednesday, October 9th. Citigroup lowered their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Finally, Barclays upped their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.25.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP traded up $0.41 during mid-day trading on Wednesday, reaching $72.37. The stock had a trading volume of 1,525,347 shares, compared to its average volume of 2,286,896. The business's 50 day moving average price is $75.42 and its 200 day moving average price is $79.48. Canadian Pacific Kansas City has a 1 year low of $70.89 and a 1 year high of $91.58. The company has a market cap of $67.55 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.59 billion. During the same period last year, the company earned $0.69 earnings per share. The firm's revenue was up 6.3% on a year-over-year basis. Research analysts expect that Canadian Pacific Kansas City will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.14 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 20.00%.

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.