Canadian Pacific Kansas City Limited $CP Shares Sold by Locust Wood Capital Advisers LLC

Locust Wood Capital Advisers LLC reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 43.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 883,111 shares of the transportation company’s stock after selling 685,039 shares during the quarter. Canadian Pacific Kansas City makes up approximately 1.7% of Locust Wood Capital Advisers LLC’s investment portfolio, making the stock its 23rd largest position. Locust Wood Capital Advisers LLC owned about 0.10% of Canadian Pacific Kansas City worth $65,783,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth $27,000. Caldwell Trust Co acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $30,000. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City in the 1st quarter valued at approximately $35,000. SJS Investment Consulting Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $39,000. Finally, Quent Capital LLC acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at $46,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 2.5%

CP stock opened at $71.98 on Thursday. The company has a market cap of $64.61 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The company has a fifty day moving average price of $72.67 and a 200 day moving average price of $74.56. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). The business had revenue of $2.62 billion for the quarter, compared to analyst estimates 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 quarter last year, the company posted $0.99 EPS. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio is 20.12%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada decreased their price objective on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Evercore ISI decreased their price objective on shares of 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. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Susquehanna set a $87.00 price target on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.36.

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.