Chartwell Investment Partners LLC Trims Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Chartwell Investment Partners LLC reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 134,690 shares of the transportation company's stock after selling 8,492 shares during the quarter. Chartwell Investment Partners LLC's holdings in Canadian Pacific Kansas City were worth $11,521,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CP. Encompass Capital Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City in the second quarter worth about $11,810,000. Cetera Investment Advisers raised its stake in 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 acquiring an additional 40,380 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter worth about $2,629,000. Raymond James & Associates lifted its holdings in shares of Canadian Pacific Kansas City by 1.5% during the 2nd quarter. Raymond James & Associates now owns 778,881 shares of the transportation company's stock valued at $61,321,000 after purchasing an additional 11,416 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Canadian Pacific Kansas City by 398.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company's stock worth $165,419,000 after purchasing an additional 1,678,784 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Up 0.2 %

CP stock traded up $0.18 during trading on Monday, reaching $77.77. The company had a trading volume of 1,201,010 shares, compared to its average volume of 2,135,475. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a market cap of $72.59 billion, a P/E ratio of 27.95, a PEG ratio of 2.30 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 52 week low of $69.08 and a 52 week high of $91.58. The business has a 50 day moving average of $82.18 and a 200 day moving average of $80.80.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company earned $0.69 EPS. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's payout ratio is currently 19.64%.

Wall Street Analyst Weigh In

CP has been the topic of several recent research reports. Citigroup lifted their target price on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Evercore ISI increased their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research note on Wednesday, September 25th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research note 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. Finally, Bank of America dropped their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.15.

About Canadian Pacific Kansas City

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.