Pacific Heights Asset Management LLC Decreases Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Pacific Heights Asset Management LLC reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,000 shares of the transportation company's stock after selling 10,000 shares during the quarter. Pacific Heights Asset Management LLC's holdings in Canadian Pacific Kansas City were worth $13,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CP. Choate Investment Advisors grew its stake in Canadian Pacific Kansas City by 24.2% in the 1st quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company's stock valued at $6,349,000 after acquiring an additional 14,037 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $11,810,000. Cetera Investment Advisers grew its position in shares of Canadian Pacific Kansas City by 272.0% in the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company's stock valued at $4,874,000 after purchasing an additional 40,380 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Canadian Pacific Kansas City by 16.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 71,167 shares of the transportation company's stock worth $6,275,000 after purchasing an additional 10,234 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $2,629,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 0.1 %

CP stock traded down $0.10 during trading on Friday, reaching $77.06. 2,733,452 shares of the stock traded hands, compared to its average volume of 2,110,828. The firm has a market capitalization of $71.92 billion, a PE ratio of 27.52, a P/E/G ratio of 2.32 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business's 50 day moving average price is $82.60 and its 200-day moving average price is $81.05. Canadian Pacific Kansas City Limited has a 52-week low of $69.08 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. 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 is presently 19.64%.

Analysts Set New Price Targets

Several research firms have weighed in on CP. Bank of America dropped their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Barclays lifted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. Scotiabank upgraded shares of Canadian Pacific Kansas City from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, July 10th. Jefferies Financial Group decreased their price target on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus cut 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 report on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $94.15.

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.