Montag A & Associates Inc. Sells 725 Shares of Canadian Pacific Kansas City Limited $CP

Montag A & Associates Inc. trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 16.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,634 shares of the transportation company’s stock after selling 725 shares during the quarter. Montag A & Associates Inc.’s holdings in Canadian Pacific Kansas City were worth $289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in shares of Canadian Pacific Kansas City by 59.5% in the 1st quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock valued at $1,192,471,000 after purchasing an additional 6,337,312 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Canadian Pacific Kansas City by 70.4% in the first quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company’s stock valued at $652,936,000 after buying an additional 3,842,866 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new position in Canadian Pacific Kansas City in the first quarter valued at approximately $126,928,000. Causeway Capital Management LLC boosted its stake in Canadian Pacific Kansas City by 11.5% in the first quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock valued at $1,207,605,000 after acquiring an additional 1,778,984 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Canadian Pacific Kansas City by 47.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,541,610 shares of the transportation company’s stock worth $318,775,000 after acquiring an additional 1,465,689 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CP shares. Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Citigroup decreased their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.69.

Canadian Pacific Kansas City Trading Up 1.4%

NYSE CP opened at $72.41 on Thursday. The firm has a market cap of $65.21 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.05 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The stock’s 50-day moving average is $74.65 and its 200-day moving average is $76.82. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This is a positive change 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 payout ratio is currently 19.51%.

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.