WCM Investment Management LLC Has $2.07 Billion Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

WCM Investment Management LLC trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 20.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,169,987 shares of the transportation company's stock after selling 6,119,853 shares during the period. Canadian Pacific Kansas City makes up approximately 4.7% of WCM Investment Management LLC's investment portfolio, making the stock its largest holding. WCM Investment Management LLC owned 2.59% of Canadian Pacific Kansas City worth $2,065,084,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Grove Bank & Trust grew its position in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock valued at $31,000 after purchasing an additional 130 shares in the last quarter. LRI Investments LLC bought a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $32,000. Addison Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock valued at $34,000 after acquiring an additional 279 shares during the last quarter. Chris Bulman Inc bought a new stake in Canadian Pacific Kansas City during the second quarter worth about $35,000. Finally, Asset Dedication LLC acquired a new position in Canadian Pacific Kansas City during the third quarter valued at approximately $38,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded down $0.20 during midday trading on Monday, reaching $77.39. 2,379,614 shares of the stock were exchanged, compared to its average volume of 2,140,880. 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 stock's 50 day simple moving average is $82.18 and its 200 day simple moving average is $80.80. Canadian Pacific Kansas City Limited has a twelve month low of $69.08 and a twelve month high of $91.58. The company has a market cap of $72.23 billion, a P/E ratio of 27.95, a PEG ratio of 2.30 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted 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 net margin of 24.50% and a return on equity of 8.78%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the firm earned $0.69 EPS. The business's revenue for the quarter was up 6.3% on a year-over-year basis. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.06 earnings per share 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. Stockholders of record on Friday, December 27th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio is presently 19.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CP shares. Evercore ISI upped their price objective 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. Bank of America dropped 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 research report on Thursday, October 24th. Susquehanna raised shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and decreased their price objective for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Jefferies Financial Group lowered their price objective 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, Stephens cut their target price on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating for the company in a research note on Monday, October 28th. Eight 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.15.

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.