Canadian Pacific Kansas City Limited (NYSE:CP) is Channing Global Advisors LLC's 2nd Largest Position

Channing Global Advisors LLC cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,117 shares of the transportation company's stock after selling 9,529 shares during the period. Canadian Pacific Kansas City comprises about 11.3% of Channing Global Advisors LLC's investment portfolio, making the stock its 2nd biggest holding. Channing Global Advisors LLC's holdings in Canadian Pacific Kansas City were worth $13,365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Grove Bank & Trust boosted its stake in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock valued at $31,000 after acquiring an additional 130 shares during the period. Tower View Wealth Management LLC grew its stake in Canadian Pacific Kansas City by 0.3% during the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company's stock worth $4,410,000 after buying an additional 130 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its position in Canadian Pacific Kansas City by 3.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company's stock worth $355,000 after buying an additional 131 shares during the period. Trust Co. of Vermont lifted its stake in Canadian Pacific Kansas City by 4.7% in the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company's stock valued at $260,000 after buying an additional 135 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Canadian Pacific Kansas City by 12.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company's stock valued at $107,000 after acquiring an additional 141 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded up $1.24 during mid-day trading on Friday, hitting $76.59. The company's stock had a trading volume of 1,928,729 shares, compared to its average volume of 2,261,070. Canadian Pacific Kansas City Limited has a twelve month low of $71.08 and a twelve month high of $91.58. The stock's fifty day moving average price is $79.26 and its two-hundred day moving average price is $80.23. The stock has a market capitalization of $71.48 billion, a P/E ratio of 27.35, a P/E/G ratio of 2.23 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.69 earnings per share. 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 company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 19.64%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CP. Susquehanna upgraded shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and cut their price objective for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a report on Friday, October 11th. Bank of America decreased their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Citigroup cut their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Finally, Evercore ISI increased their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 25th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.88.

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.