Canadian Pacific Kansas City Limited (NYSE:CP) Holdings Cut by Heathbridge Capital Management Ltd.

Heathbridge Capital Management Ltd. trimmed its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,900 shares of the transportation company’s stock after selling 3,250 shares during the period. Canadian Pacific Kansas City accounts for 5.1% of Heathbridge Capital Management Ltd.’s holdings, making the stock its 8th biggest position. Heathbridge Capital Management Ltd.’s holdings in Canadian Pacific Kansas City were worth $11,629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in shares of Canadian Pacific Kansas City by 3.4% in the first quarter. Cetera Investment Advisers now owns 16,828 shares of the transportation company’s stock valued at $1,389,000 after acquiring an additional 559 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Canadian Pacific Kansas City by 69.1% in the first quarter. Sequoia Financial Advisors LLC now owns 5,539 shares of the transportation company’s stock worth $457,000 after buying an additional 2,263 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Canadian Pacific Kansas City by 2.4% in the first quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock worth $2,496,807,000 after buying an additional 695,215 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Canadian Pacific Kansas City by 5.1% in the first quarter. Baird Financial Group Inc. now owns 49,524 shares of the transportation company’s stock worth $4,087,000 after buying an additional 2,417 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Canadian Pacific Kansas City by 116.4% in the first quarter. Brown Brothers Harriman & Co. now owns 14,274 shares of the transportation company’s stock worth $1,178,000 after buying an additional 7,678 shares in the last quarter. 67.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Bank of America decreased their target price on shares of Canadian Pacific Kansas City from $91.00 to $83.00 in a research note on Thursday, October 5th. CSFB lifted their price target on Canadian Pacific Kansas City from $87.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. BMO Capital Markets reduced their target price on shares of Canadian Pacific Kansas City from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Royal Bank of Canada cut their target price on Canadian Pacific Kansas City from $133.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. Finally, Raymond James raised Canadian Pacific Kansas City from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $98.22.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded up $0.08 during midday trading on Friday, hitting $71.72. 4,357,908 shares of the company’s stock were exchanged, compared to its average volume of 2,047,968. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $85.40. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 0.70. The stock has a market cap of $66.83 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 2.80 and a beta of 1.04. The firm’s 50 day simple moving average is $73.48 and its 200 day simple moving average is $77.51.

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

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be paid a $0.1384 dividend. 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%.

Canadian Pacific Kansas City Company Profile

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.