Canadian Pacific Kansas City Limited (NYSE:CP) Stake Lowered by Quadrant Capital Group LLC

Quadrant Capital Group LLC reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 18.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,838 shares of the transportation company’s stock after selling 1,340 shares during the period. Quadrant Capital Group LLC’s holdings in Canadian Pacific Kansas City were worth $472,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. WCM Investment Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 6.3% in the 2nd quarter. WCM Investment Management LLC now owns 31,281,327 shares of the transportation company’s stock valued at $2,526,593,000 after purchasing an additional 1,845,478 shares during the last quarter. FIL Ltd lifted its stake in shares of Canadian Pacific Kansas City by 2.4% in the 1st quarter. FIL Ltd now owns 30,263,794 shares of the transportation company’s stock valued at $2,330,353,000 after purchasing an additional 698,587 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Canadian Pacific Kansas City by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock valued at $2,496,807,000 after purchasing an additional 695,215 shares during the last quarter. Norges Bank acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $1,136,503,000. Finally, TD Asset Management Inc acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $1,164,873,000. 67.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CP. Raymond James raised shares of Canadian Pacific Kansas City from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 26th. Barclays reduced their price objective on shares of Canadian Pacific Kansas City from $89.00 to $84.00 in a research note on Wednesday, October 4th. Bank of America cut their target price on shares of Canadian Pacific Kansas City from $91.00 to $83.00 in a research report on Thursday, October 5th. CSFB boosted their target price on shares of Canadian Pacific Kansas City from $87.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th. Finally, BMO Capital Markets cut their target price on shares of Canadian Pacific Kansas City from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 26th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.22.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $71.72 on Friday. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $85.40. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $73.48 and its two-hundred day moving average price is $77.51. The stock has a market capitalization of $66.83 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 2.80 and a beta of 1.04.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Canadian Pacific Kansas City had a net margin of 37.10% and a return on equity of 8.45%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 2.8 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.1384 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.55 annualized dividend and a dividend yield of 0.77%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 16.82%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.