Canadian Pacific Kansas City Limited (NYSE:CP) Holdings Decreased by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. cut its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 27.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 332,235 shares of the transportation company's stock after selling 122,832 shares during the quarter. Canadian Pacific Kansas City accounts for 7.0% of Galibier Capital Management Ltd.'s holdings, making the stock its 3rd largest holding. Galibier Capital Management Ltd.'s holdings in Canadian Pacific Kansas City were worth $29,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CP. Synovus Financial Corp boosted its position in Canadian Pacific Kansas City by 10.6% in the 3rd quarter. Synovus Financial Corp now owns 44,941 shares of the transportation company's stock valued at $3,344,000 after buying an additional 4,303 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Canadian Pacific Kansas City by 73.3% in the third quarter. Tower Research Capital LLC TRC now owns 15,423 shares of the transportation company's stock valued at $1,148,000 after purchasing an additional 6,521 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Canadian Pacific Kansas City during the 3rd quarter worth $74,000. Night Owl Capital Management LLC increased its holdings in Canadian Pacific Kansas City by 8.1% during the 3rd quarter. Night Owl Capital Management LLC now owns 171,896 shares of the transportation company's stock worth $12,791,000 after purchasing an additional 12,876 shares during the period. Finally, Fred Alger Management LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $360,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

CP traded down $0.10 on Friday, hitting $78.73. 2,330,986 shares of the company traded hands, compared to its average volume of 2,237,094. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The company has a 50 day moving average of $79.74 and a 200-day moving average of $82.16. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $73.45 billion, a PE ratio of 25.23, a PEG ratio of 2.25 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.14 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a $0.141 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.95%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CP. Evercore ISI cut their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an "outperform" rating on the stock in a research note on Thursday, April 25th. Jefferies Financial Group assumed coverage on shares of Canadian Pacific Kansas City in a report on Monday, April 8th. They issued a "buy" rating and a $105.00 price objective on the stock. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Stifel Nicolaus dropped their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a report on Thursday, April 25th. Finally, Wells Fargo & Company began coverage on Canadian Pacific Kansas City in a report on Friday, June 7th. They set an "overweight" rating and a $90.00 price target for the company. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of "Hold" and a consensus target price of $96.32.

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.