Canadian Pacific Kansas City Limited (NYSE:CP) Position Reduced by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,187 shares of the transportation company’s stock after selling 189 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Canadian Pacific Kansas City were worth $86,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Grove Bank & Trust boosted its holdings in 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 in the last quarter. Addison Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 246.9% during the 3rd 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. FSA Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $34,000. Asset Dedication LLC bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth $38,000. Finally, Kennebec Savings Bank acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore ISI raised their target price 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. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research report on Wednesday, January 8th. Citigroup reduced their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Stephens upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $81.00 to $88.00 in a report on Monday, January 6th. Finally, Sanford C. Bernstein reduced their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.56.

Canadian Pacific Kansas City Trading Up 0.6 %

Shares of NYSE CP opened at $74.21 on Wednesday. The business has a 50 day simple moving average of $74.92 and a 200 day simple moving average of $79.26. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58. The stock has a market cap of $69.28 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 2.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current fiscal 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 issued a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 18.93%.

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.