Canadian Pacific Kansas City Limited (NYSE:CP) Position Lowered by Marathon Asset Management Ltd

Marathon Asset Management Ltd trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 681,401 shares of the transportation company's stock after selling 13,945 shares during the quarter. Canadian Pacific Kansas City accounts for about 1.6% of Marathon Asset Management Ltd's holdings, making the stock its 17th largest position. Marathon Asset Management Ltd owned about 0.07% of Canadian Pacific Kansas City worth $58,434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Grove Bank & Trust lifted its stake in Canadian Pacific Kansas City by 56.0% during 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 last quarter. LRI Investments LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter valued at approximately $32,000. Chris Bulman Inc bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $35,000. Asset Dedication LLC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $38,000. Finally, ORG Partners LLC bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $39,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 1.4 %

NYSE:CP traded down $1.10 on Friday, hitting $80.08. The stock had a trading volume of 2,097,306 shares, compared to its average volume of 2,102,325. The stock has a market cap of $74.72 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average price of $82.79 and a two-hundred day moving average price of $81.77.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the prior year, the company earned $0.62 EPS. Canadian Pacific Kansas City's revenue was up 13.5% on a year-over-year basis. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be issued a dividend of $0.1373 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City's dividend payout ratio is currently 17.31%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CP. 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. Evercore ISI raised their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research report on Wednesday, September 25th. Jefferies Financial Group lowered their price target on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, July 17th. Citigroup started coverage on shares of Canadian Pacific Kansas City in a report on Wednesday, October 9th. They issued a "buy" rating and a $97.00 price target for the company. Finally, Susquehanna raised their price objective on shares of Canadian Pacific Kansas City from $80.00 to $94.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $97.90.

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.