Canadian Pacific Kansas City Limited $CP Shares Sold by Narwhal Capital Management

Narwhal Capital Management lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 17.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 123,462 shares of the transportation company’s stock after selling 25,756 shares during the quarter. Narwhal Capital Management’s holdings in Canadian Pacific Kansas City were worth $9,197,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CP. Triasima Portfolio Management inc. acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $2,989,000. Vanderbilt University increased its stake in Canadian Pacific Kansas City by 10.3% during the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock worth $5,982,000 after buying an additional 7,050 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. increased its stake in Canadian Pacific Kansas City by 2.2% during the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 648,343 shares of the transportation company’s stock worth $51,410,000 after buying an additional 14,260 shares in the last quarter. Key Financial Inc acquired a new position in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $371,000. Finally, Cardinal Capital Management Inc. lifted its position in shares of Canadian Pacific Kansas City by 11.6% in the third quarter. Cardinal Capital Management Inc. now owns 1,494,133 shares of the transportation company’s stock valued at $111,349,000 after acquiring an additional 155,640 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on CP shares. Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a research report on Thursday, October 30th. Evercore ISI lowered 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 research note on Thursday, October 30th. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Royal Bank Of Canada decreased their price target on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Finally, Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.36.

Canadian Pacific Kansas City Stock Down 0.9%

NYSE CP opened at $71.58 on Friday. The business’s fifty day simple moving average is $72.52 and its 200-day simple moving average is $75.05. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The firm has a market cap of $64.22 billion, a PE ratio of 21.82, a P/E/G ratio of 1.58 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) 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 firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the company posted $0.99 EPS. As a group, equities analysts anticipate 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. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s payout ratio is 20.12%.

About Canadian Pacific Kansas City

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.