Capital Insight Partners LLC Sells 28,278 Shares of Canadian Pacific Kansas City Limited $CP

Capital Insight Partners LLC cut its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 74.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,700 shares of the transportation company’s stock after selling 28,278 shares during the period. Capital Insight Partners LLC’s holdings in Canadian Pacific Kansas City were worth $723,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CP. Foster Victor Wealth Advisors LLC lifted its stake in Canadian Pacific Kansas City by 11.2% in the third quarter. Foster Victor Wealth Advisors LLC now owns 266,198 shares of the transportation company’s stock worth $20,654,000 after purchasing an additional 26,783 shares during the last quarter. Douglas Lane & Associates LLC lifted its stake in shares of Canadian Pacific Kansas City by 31.0% during the 3rd quarter. Douglas Lane & Associates LLC now owns 159,871 shares of the transportation company’s stock worth $11,909,000 after acquiring an additional 37,791 shares during the last quarter. Flputnam Investment Management Co. lifted its stake in shares of Canadian Pacific Kansas City by 10.6% during the 3rd quarter. Flputnam Investment Management Co. now owns 4,033 shares of the transportation company’s stock worth $300,000 after acquiring an additional 387 shares during the last quarter. Independence Bank of Kentucky boosted its holdings in Canadian Pacific Kansas City by 35.4% during the 3rd quarter. Independence Bank of Kentucky now owns 14,069 shares of the transportation company’s stock valued at $1,048,000 after acquiring an additional 3,675 shares during the period. Finally, Shelton Wealth Management LLC grew its position in Canadian Pacific Kansas City by 6.2% in the 3rd quarter. Shelton Wealth Management LLC now owns 20,655 shares of the transportation company’s stock valued at $1,539,000 after acquiring an additional 1,205 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $74.22 on Monday. 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’s 50 day moving average price is $73.00 and its 200-day moving average price is $75.73. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $83.65. The company has a market cap of $66.59 billion, a PE ratio of 22.63, a P/E/G ratio of 1.87 and a beta of 1.11.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.12%.

Analysts Set New Price Targets

Several analysts have recently weighed in on CP shares. Evercore ISI decreased their target price on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.