Rockefeller Capital Management L.P. Sells 11,116 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Rockefeller Capital Management L.P. cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 31.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,617 shares of the transportation company's stock after selling 11,116 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Canadian Pacific Kansas City were worth $2,106,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Grove Bank & Trust raised its holdings in shares of Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock valued at $31,000 after purchasing an additional 130 shares during the period. Tower View Wealth Management LLC boosted its position in Canadian Pacific Kansas City by 0.3% during the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company's stock worth $4,410,000 after purchasing an additional 130 shares during the period. Bradley Foster & Sargent Inc. CT increased its holdings in shares of Canadian Pacific Kansas City by 3.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company's stock valued at $355,000 after purchasing an additional 131 shares during the last quarter. Trust Co. of Vermont lifted its stake in shares of Canadian Pacific Kansas City by 4.7% during the 3rd quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company's stock worth $260,000 after buying an additional 135 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Canadian Pacific Kansas City by 12.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company's stock worth $107,000 after buying an additional 141 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded down $1.05 on Friday, reaching $75.31. 2,604,628 shares of the stock were exchanged, compared to its average volume of 3,644,011. 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 firm has a market cap of $70.29 billion, a PE ratio of 26.90, a P/E/G ratio of 2.27 and a beta of 0.96. The firm's 50 day moving average is $78.30 and its 200-day moving average is $80.03. Canadian Pacific Kansas City Limited has a one year low of $72.22 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.74%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 19.64%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays increased their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Evercore ISI increased their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 25th. Susquehanna raised Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and dropped their price target for the stock from $94.00 to $92.00 in a report on Thursday, October 24th. Sanford C. Bernstein decreased their price objective 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. Finally, Stifel Nicolaus dropped their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a report on Friday, October 11th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.