Threadgill Financial LLC Sells 11,082 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Threadgill Financial LLC trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 20.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,699 shares of the transportation company’s stock after selling 11,082 shares during the quarter. Canadian Pacific Kansas City comprises about 1.7% of Threadgill Financial LLC’s portfolio, making the stock its 11th biggest position. Threadgill Financial LLC’s holdings in Canadian Pacific Kansas City were worth $3,162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CP. Tilia Fiduciary Partners Inc. boosted its stake in Canadian Pacific Kansas City by 6.2% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 29,176 shares of the transportation company’s stock worth $2,111,000 after acquiring an additional 1,703 shares in the last quarter. First Hawaiian Bank raised its holdings in shares of Canadian Pacific Kansas City by 3.2% during the fourth quarter. First Hawaiian Bank now owns 13,845 shares of the transportation company’s stock valued at $1,002,000 after purchasing an additional 424 shares during the period. Fulton Bank N.A. acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $212,000. Park National Corp OH bought a new stake in Canadian Pacific Kansas City in the 4th quarter valued at about $492,000. Finally, GAMMA Investing LLC boosted its holdings in Canadian Pacific Kansas City by 20.3% in the fourth quarter. GAMMA Investing LLC now owns 2,929 shares of the transportation company’s stock worth $212,000 after acquiring an additional 495 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Evercore ISI upped their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Barclays raised their price target on shares of 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. Stephens raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $81.00 to $88.00 in a report on Monday, January 6th. Stifel Nicolaus dropped their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.56.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $74.74 on Monday. 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 $69.76 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58. The firm’s 50-day simple moving average is $75.11 and its two-hundred day simple moving average is $79.33.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly 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 company 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 company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.69 EPS. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current 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 paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.75%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.93%.

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.