Crossmark Global Holdings Inc. Sells 28,272 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Crossmark Global Holdings Inc. decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 41.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,629 shares of the transportation company’s stock after selling 28,272 shares during the period. Crossmark Global Holdings Inc.’s holdings in Canadian Pacific Kansas City were worth $3,475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Encompass Capital Advisors LLC bought a new stake in Canadian Pacific Kansas City during the 2nd quarter worth $11,810,000. Cetera Investment Advisers grew its position in Canadian Pacific Kansas City by 272.0% during the 1st quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock worth $4,874,000 after acquiring an additional 40,380 shares during the last quarter. Magnetar Financial LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth $2,629,000. Raymond James & Associates grew its position in Canadian Pacific Kansas City by 1.5% during the 2nd quarter. Raymond James & Associates now owns 778,881 shares of the transportation company’s stock worth $61,321,000 after acquiring an additional 11,416 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Canadian Pacific Kansas City by 398.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after acquiring an additional 1,678,784 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.3 %

CP stock opened at $77.39 on Tuesday. The stock’s 50 day simple moving average is $82.18 and its 200 day simple moving average is $80.80. Canadian Pacific Kansas City Limited has a fifty-two week low of $69.08 and a fifty-two week high of $91.58. 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 company has a market cap of $72.23 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 2.30 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the company posted $0.69 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, research analysts expect 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 company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors 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. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is 19.64%.

Analyst Upgrades and Downgrades

CP has been the topic of a number of research reports. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and reduced their price objective for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. Sanford C. Bernstein reduced their price objective 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. Jefferies Financial Group reduced their price target on 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. 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, Citigroup upped their price target on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Eight research 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.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of $94.15.

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.