Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Skye Global Management LP

Skye Global Management LP lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 32.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,286,000 shares of the transportation company's stock after selling 622,000 shares during the quarter. Canadian Pacific Kansas City makes up about 2.7% of Skye Global Management LP's holdings, making the stock its 6th biggest position. Skye Global Management LP owned 0.14% of Canadian Pacific Kansas City worth $110,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northwest & Ethical Investments L.P. raised its holdings in Canadian Pacific Kansas City by 1.2% during the third quarter. Northwest & Ethical Investments L.P. now owns 197,630 shares of the transportation company's stock worth $16,904,000 after purchasing an additional 2,322 shares in the last quarter. Financial Counselors Inc. raised its holdings in Canadian Pacific Kansas City by 3.2% during the third quarter. Financial Counselors Inc. now owns 160,878 shares of the transportation company's stock worth $13,762,000 after purchasing an additional 4,917 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Canadian Pacific Kansas City by 0.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 325,689 shares of the transportation company's stock worth $27,886,000 after acquiring an additional 1,428 shares during the last quarter. FORA Capital LLC grew its position in shares of Canadian Pacific Kansas City by 71.8% during the third quarter. FORA Capital LLC now owns 29,788 shares of the transportation company's stock worth $2,548,000 after acquiring an additional 12,445 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Canadian Pacific Kansas City by 4,194,400.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,945 shares of the transportation company's stock worth $3,587,000 after acquiring an additional 41,944 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a research report on Friday, October 11th. Bank of America lowered their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and lowered their target price for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Finally, Barclays raised their target price on shares of 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. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $94.88.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP traded up $1.24 during trading on Friday, hitting $76.59. 1,915,459 shares of the company were exchanged, compared to its average volume of 2,261,008. The company has a market cap of $71.48 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 2.23 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 1 year low of $71.08 and a 1 year high of $91.58. The firm's fifty day moving average price is $79.45 and its 200 day moving average price is $80.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

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 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The company had revenue of $3.55 billion for 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%. Canadian Pacific Kansas City's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, December 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's payout ratio is 19.64%.

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.