Canadian Pacific Kansas City Limited $CP Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,127,444 shares of the transportation company’s stock after selling 139,290 shares during the quarter. Canadian Pacific Kansas City makes up about 1.9% of Beutel Goodman & Co Ltd.’s holdings, making the stock its 27th largest position. Beutel Goodman & Co Ltd. owned about 0.45% of Canadian Pacific Kansas City worth $327,231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CP. Twin Peaks Wealth Advisors LLC acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at about $27,000. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $35,000. Chilton Capital Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $49,000. WPG Advisers LLC purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $50,000. Finally, LRI Investments LLC raised its position in shares of Canadian Pacific Kansas City by 42.1% during the 2nd quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock worth $57,000 after purchasing an additional 213 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. National Bankshares reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Citigroup cut their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Evercore ISI reduced their target price on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $73.94 on Friday. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The firm has a 50 day moving average price of $73.35 and a 200 day moving average price of $76.34. The company has a market cap of $66.35 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.87 and a beta of 1.11.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the business earned $0.99 EPS. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.2%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.12%.

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.