Metis Global Partners LLC Has $3.20 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Metis Global Partners LLC reduced its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,378 shares of the transportation company’s stock after selling 1,261 shares during the period. Metis Global Partners LLC’s holdings in Canadian Pacific Kansas City were worth $3,197,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Grove Bank & Trust raised its stake in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares during the period. Addison Advisors LLC increased its stake in Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares in the last quarter. LRI Investments LLC acquired a new position in Canadian Pacific Kansas City during the first quarter worth $32,000. Chris Bulman Inc bought a new position in shares of Canadian Pacific Kansas City in the second quarter valued at $35,000. Finally, Asset Dedication LLC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter valued at about $38,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CP. Bank of America cut their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Evercore ISI increased their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Susquehanna raised shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their price target for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.68.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $75.87 on Friday. The business has a 50 day moving average of $81.77 and a 200 day moving average of $80.70. Canadian Pacific Kansas City Limited has a 52 week low of $69.27 and a 52 week high of $91.58. The company has a market cap of $70.81 billion, a PE ratio of 27.10, a P/E/G ratio of 2.28 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is currently 19.64%.

Canadian Pacific Kansas City 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.