Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Platform Technology Partners

Platform Technology Partners reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,530 shares of the transportation company’s stock after selling 162 shares during the quarter. Platform Technology Partners’ holdings in Canadian Pacific Kansas City were worth $645,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Mirova US LLC purchased a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Canadian Pacific Kansas City by 398.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after acquiring an additional 1,678,784 shares during the period. Wulff Hansen & CO. raised its position in Canadian Pacific Kansas City by 8,261.4% in the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock worth $74,282,000 after acquiring an additional 932,216 shares in the last quarter. AGF Management Ltd. lifted its holdings in Canadian Pacific Kansas City by 86.5% in the second quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company’s stock valued at $125,094,000 after acquiring an additional 735,816 shares during the period. Finally, 1832 Asset Management L.P. boosted its position in shares of Canadian Pacific Kansas City by 5.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after purchasing an additional 723,188 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CP has been the subject of several recent analyst reports. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their target price for the company from $94.00 to $92.00 in a report on Thursday, October 24th. Citigroup lifted their price target on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $77.39 on Tuesday. The stock has a fifty day moving average price of $82.07 and a 200 day moving average price of $80.77. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 52 week low of $69.08 and a 52 week high of $91.58. The firm has a market capitalization of $72.23 billion, a P/E ratio of 27.64, a PEG ratio of 2.30 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate 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 company 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 company earned $0.69 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued 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 is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 19.64%.

Canadian Pacific Kansas City Company 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.