Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 34,840 shares of the transportation company’s stock after selling 5,190 shares during the period. Sanctuary Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $2,980,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Grove Bank & Trust lifted its holdings in shares of Canadian Pacific Kansas City by 56.0% during 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 during the last quarter. Addison Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at $34,000. Chris Bulman Inc purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at $35,000. Finally, Asset Dedication LLC purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $73.52 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a market cap of $68.62 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 2.26 and a beta of 0.96. The business’s 50-day simple moving average is $77.19 and its 200-day simple moving average is $79.85. Canadian Pacific Kansas City Limited has a 52 week low of $72.29 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. As a group, equities research analysts expect 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 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 is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.00%.

Analysts Set New Price Targets

Several research analysts recently weighed in on CP shares. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their price target for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Stephens dropped their price target on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Barclays upped their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Evercore ISI upped their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Finally, Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.88.

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.