Stifel Financial Corp Reduces Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Stifel Financial Corp trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 8.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 351,839 shares of the transportation company's stock after selling 32,672 shares during the quarter. Stifel Financial Corp's holdings in Canadian Pacific Kansas City were worth $30,096,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Grove Bank & Trust grew its stake in shares of 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 buying an additional 130 shares during the last quarter. Addison Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after buying an additional 279 shares during the last quarter. FSA Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $34,000. Chris Bulman Inc bought a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $35,000. Finally, Asset Dedication LLC bought a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $38,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Up 0.4 %

CP stock traded up $0.27 during trading on Monday, reaching $75.58. The stock had a trading volume of 3,046,959 shares, compared to its average volume of 2,276,739. Canadian Pacific Kansas City Limited has a one year low of $72.22 and a one year high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The company's 50 day moving average is $78.30 and its two-hundred day moving average is $80.03. The company has a market capitalization of $70.54 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 2.24 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the company posted $0.69 earnings per share. The company's revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's payout ratio is presently 19.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a report on Wednesday, September 25th. Sanford C. Bernstein cut their price target on shares of 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. Bank of America cut their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Finally, Citigroup cut their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and a consensus price target of $94.88.

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.