Canadian Pacific Kansas City Limited (NYSE:CP) Stock Position Trimmed by Gold Investment Management Ltd.

Gold Investment Management Ltd. cut its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 8.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,526 shares of the transportation company's stock after selling 7,148 shares during the period. Canadian Pacific Kansas City comprises 2.8% of Gold Investment Management Ltd.'s portfolio, making the stock its 5th largest holding. Gold Investment Management Ltd.'s holdings in Canadian Pacific Kansas City were worth $6,714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mirova US LLC bought a new position in shares of Canadian Pacific Kansas City during the second quarter worth $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Canadian Pacific Kansas City by 398.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company's stock valued at $165,419,000 after purchasing an additional 1,678,784 shares during the last quarter. Cantillon Capital Management LLC grew its position in shares of Canadian Pacific Kansas City by 49.1% during the first quarter. Cantillon Capital Management LLC now owns 3,567,692 shares of the transportation company's stock valued at $314,563,000 after purchasing an additional 1,174,200 shares in the last quarter. Wulff Hansen & CO. increased its holdings in shares of Canadian Pacific Kansas City by 8,261.4% in the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company's stock worth $74,282,000 after purchasing an additional 932,216 shares during the last quarter. Finally, AGF Management Ltd. boosted its stake in Canadian Pacific Kansas City by 86.5% during the second quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company's stock valued at $125,094,000 after buying an additional 735,816 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Down 1.6 %

NYSE:CP traded down $1.23 during trading hours on Friday, reaching $77.58. The company's stock had a trading volume of 2,910,665 shares, compared to its average volume of 2,139,781. The stock has a 50 day moving average price of $82.36 and a two-hundred day moving average price of $80.94. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market capitalization of $72.41 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 2.32 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 12 month low of $69.08 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $3.59 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. Canadian Pacific Kansas City's revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

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

Wall Street Analyst Weigh In

CP has been the topic of a number of research reports. Bank of America reduced their price objective 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. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a research note on Friday, October 11th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and decreased their target price for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Citigroup lifted their price target on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Stephens cut 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 report on Monday, October 28th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $94.15.

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.