Skye Global Management LP Sells 132,000 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Skye Global Management LP reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,154,000 shares of the transportation company’s stock after selling 132,000 shares during the period. Canadian Pacific Kansas City makes up about 1.7% of Skye Global Management LP’s portfolio, making the stock its 13th biggest holding. Skye Global Management LP owned approximately 0.12% of Canadian Pacific Kansas City worth $83,515,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Kestra Investment Management LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $33,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $34,000. YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $36,000. Millstone Evans Group LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at approximately $36,000. Finally, Curio Wealth LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter worth $39,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.6%

NYSE:CP opened at $81.75 on Friday. 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 firm has a market capitalization of $76.06 billion, a P/E ratio of 28.19, a P/E/G ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The company has a fifty day moving average of $73.16 and a 200 day moving average of $75.13.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. On average, research 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s dividend payout ratio is 21.28%.

Wall Street Analyst Weigh In

CP has been the topic of a number of research reports. Stephens boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Citigroup decreased their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Barclays lowered their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Jefferies Financial Group decreased their price target on Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.71.

Canadian Pacific Kansas City Company 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.