Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Naya Capital Management UK Ltd.

Naya Capital Management UK Ltd. lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 17.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,768,224 shares of the transportation company's stock after selling 569,116 shares during the period. Canadian Pacific Kansas City comprises 19.8% of Naya Capital Management UK Ltd.'s investment portfolio, making the stock its 3rd biggest position. Naya Capital Management UK Ltd. owned approximately 0.30% of Canadian Pacific Kansas City worth $236,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Grove Bank & Trust raised its position in shares of Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after acquiring an additional 130 shares in the last quarter. Addison Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after acquiring an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $34,000. Chris Bulman Inc acquired a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $35,000. Finally, Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 0.2 %

Shares of Canadian Pacific Kansas City stock traded up $0.14 during trading hours on Wednesday, reaching $75.73. The stock had a trading volume of 2,533,244 shares, compared to its average volume of 2,264,695. The firm has a 50 day simple moving average of $78.86 and a two-hundred day simple moving average of $80.14. The firm has a market capitalization of $70.68 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 2.26 and a beta of 0.96. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 1 year low of $72.22 and a 1 year high of $91.58.

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 analysts' consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 earnings per share. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current 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 paid a $0.14 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 19.64%.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of research reports. Stifel Nicolaus reduced their price objective on 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. Sanford C. Bernstein dropped their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating on the stock in a report on Wednesday, October 9th. Susquehanna raised Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and dropped their target price for the company from $94.00 to $92.00 in a report on Thursday, October 24th. Citigroup dropped their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Finally, Evercore ISI boosted their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a report on Wednesday, September 25th. Seven 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $94.88.

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.