Galibier Capital Management Ltd. Sells 46,678 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Galibier Capital Management Ltd. trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 284,791 shares of the transportation company's stock after selling 46,678 shares during the quarter. Canadian Pacific Kansas City accounts for about 5.9% of Galibier Capital Management Ltd.'s portfolio, making the stock its 12th biggest holding. Galibier Capital Management Ltd.'s holdings in Canadian Pacific Kansas City were worth $20,610,000 as of its most recent SEC filing.

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

Canadian Pacific Kansas City Stock Up 0.3 %

Shares of CP stock traded up $0.24 on Friday, hitting $74.80. The company's stock had a trading volume of 3,153,832 shares, compared to its average volume of 2,119,487. The stock has a market capitalization of $69.83 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 1.89 and a beta of 0.96. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The firm's fifty day moving average price is $74.69 and its 200-day moving average price is $79.17. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

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 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion during 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%. Canadian Pacific Kansas City's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.02 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 issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 19.29%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CP. Barclays dropped their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating on the stock in a research report on Friday. Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research report on Thursday. Stephens upgraded Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $81.00 to $88.00 in a report on Monday, January 6th. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a report 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 for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $92.63.

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.