Crossmark Global Holdings Inc. Lowers Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Crossmark Global Holdings Inc. decreased its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 41.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,629 shares of the transportation company's stock after selling 28,272 shares during the period. Crossmark Global Holdings Inc.'s holdings in Canadian Pacific Kansas City were worth $3,475,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CP. Delta Investment Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 3.2% in the first quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company's stock worth $363,000 after purchasing an additional 126 shares during the period. Grove Bank & Trust increased its holdings in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after purchasing an additional 130 shares during the period. Tower View Wealth Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 0.3% in the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company's stock worth $4,410,000 after purchasing an additional 130 shares during the period. Bradley Foster & Sargent Inc. CT increased its holdings in shares of 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 purchasing an additional 131 shares during the period. Finally, Trust Co. of Vermont increased its holdings in shares of 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 worth $260,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded down $0.29 on Tuesday, hitting $77.11. 732,768 shares of the company's stock were exchanged, compared to its average volume of 2,134,354. The company has a 50-day simple moving average of $82.07 and a 200-day simple moving average of $80.77. The stock has a market capitalization of $71.97 billion, a PE ratio of 27.64, a PEG ratio of 2.30 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 1 year low of $69.08 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently declared 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. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.73%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's payout ratio is presently 19.64%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of 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. Stephens reduced their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Monday, October 28th. Barclays increased their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Bank of America reduced their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein reduced their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating on the stock in a research note on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.15.

Canadian Pacific Kansas City 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.