Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,372,475 shares of the transportation company’s stock after selling 195,737 shares during the quarter. Canadian Pacific Kansas City accounts for approximately 0.9% of The Manufacturers Life Insurance Company’s investment portfolio, making the stock its 13th biggest holding. The Manufacturers Life Insurance Company owned approximately 1.22% of Canadian Pacific Kansas City worth $973,302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CP. LRI Investments LLC acquired a new position in Canadian Pacific Kansas City during the first quarter worth $32,000. SVB Wealth LLC lifted its stake in Canadian Pacific Kansas City by 11.7% in the 1st quarter. SVB Wealth LLC now owns 4,941 shares of the transportation company’s stock valued at $436,000 after buying an additional 518 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Canadian Pacific Kansas City by 19.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 18,076 shares of the transportation company’s stock worth $1,594,000 after buying an additional 2,976 shares during the last quarter. Redwood Investment Management LLC purchased a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $639,000. Finally, SkyView Investment Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 13.8% during the first quarter. SkyView Investment Advisors LLC now owns 65,670 shares of the transportation company’s stock valued at $5,790,000 after acquiring an additional 7,968 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.4 %

Shares of NYSE CP opened at $77.02 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $80.14 and its two-hundred day moving average is $80.41. Canadian Pacific Kansas City Limited has a 52-week low of $69.27 and a 52-week high of $91.58. The firm has a market cap of $71.89 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 2.27 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data 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 net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is currently 19.64%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. 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 report on Thursday, October 24th. Evercore ISI boosted their price target on shares of 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. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Finally, Citigroup lowered their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.68.

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.