Leavell Investment Management Inc. Cuts Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Leavell Investment Management Inc. decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 15.5% during the third quarter, HoldingsChannel reports. The firm owned 13,607 shares of the transportation company’s stock after selling 2,500 shares during the period. Leavell Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $1,166,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Grove Bank & Trust increased its position in shares of Canadian Pacific Kansas City by 56.0% during the 3rd 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. LRI Investments LLC bought a new position in Canadian Pacific Kansas City during the first quarter valued at approximately $32,000. Chris Bulman Inc purchased a new position in shares of Canadian Pacific Kansas City during the second quarter worth approximately $35,000. Asset Dedication LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $38,000. Finally, ORG Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $39,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 1.5 %

NYSE CP opened at $77.59 on Friday. The firm has a market capitalization of $72.42 billion, a PE ratio of 27.71, a P/E/G ratio of 2.33 and a beta of 0.98. The stock’s 50 day moving average is $82.18 and its 200 day moving average is $80.86. Canadian Pacific Kansas City Limited has a twelve month low of $69.08 and a twelve month high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results 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 business had revenue of $3.55 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 19.64%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CP shares. Stephens decreased their target price on shares of 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. Stifel Nicolaus lowered 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 report on Friday, October 11th. Citigroup raised their target price on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their price target for the company from $94.00 to $92.00 in a report on Thursday, October 24th. Finally, Jefferies Financial Group decreased 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 report on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $94.15.

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.