GHP Investment Advisors Inc. Sells 733 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

GHP Investment Advisors Inc. decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,158 shares of the transportation company’s stock after selling 733 shares during the period. GHP Investment Advisors Inc.’s holdings in Canadian Pacific Kansas City were worth $2,836,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Choate Investment Advisors raised its position in shares of Canadian Pacific Kansas City by 24.2% in the 1st quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock valued at $6,349,000 after buying an additional 14,037 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $11,810,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Canadian Pacific Kansas City by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,229,212 shares of the transportation company’s stock valued at $196,672,000 after purchasing an additional 13,727 shares in the last quarter. Maryland State Retirement & Pension System increased its position in Canadian Pacific Kansas City by 53.0% in the 1st quarter. Maryland State Retirement & Pension System now owns 49,072 shares of the transportation company’s stock valued at $4,100,000 after buying an additional 16,995 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Canadian Pacific Kansas City by 272.0% during the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock worth $4,874,000 after purchasing an additional 40,380 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $77.11 on Friday. Canadian Pacific Kansas City Limited has a 52-week low of $69.07 and a 52-week high of $91.58. The company has a fifty day moving average of $82.86 and a 200-day moving average of $81.35. The company has a market capitalization of $71.95 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the firm earned $0.69 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.14 dividend. This is an increase 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 yield of 0.73%. Canadian Pacific Kansas City’s payout ratio is presently 17.95%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CP. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Bank of America reduced their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group lowered their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Evercore ISI raised their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and eleven have issued 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 a consensus price target of $93.95.

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.