Narwhal Capital Management Sells 34,169 Shares of Canadian Pacific Kansas City Limited $CP

Narwhal Capital Management reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 27.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,297 shares of the transportation company’s stock after selling 34,169 shares during the quarter. Narwhal Capital Management’s holdings in Canadian Pacific Kansas City were worth $7,854,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fiduciary Financial Advisors acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $25,000. Provenance Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City during the 3rd quarter worth approximately $26,000. Next Level Wealth Planning LLC acquired a new position in Canadian Pacific Kansas City during the third quarter valued at approximately $26,000. Balance Wealth Partners LLC acquired a new position in Canadian Pacific Kansas City during the third quarter valued at approximately $39,000. Finally, Jones Financial Companies Lllp acquired a new position in Canadian Pacific Kansas City during the second quarter valued at approximately $44,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Down 0.3%

Shares of Canadian Pacific Kansas City stock opened at $93.72 on Wednesday. The company has a market capitalization of $81.57 billion, a P/E ratio of 30.04, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.52 and a quick ratio of 0.44. The business has a 50-day moving average of $88.54 and a two-hundred day moving average of $86.65. Canadian Pacific Kansas City Limited has a 1 year low of $68.83 and a 1 year high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 28th. The transportation company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.03). Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 9.27%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the firm earned $1.10 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.67 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 25th. Investors of record on Thursday, December 31st will be paid a dividend of C$0.27 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio is presently 24.68%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CP shares. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 29th. Citigroup reissued a “cautious” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 7th. Susquehanna boosted their price target on shares of Canadian Pacific Kansas City from $98.00 to $105.00 and gave the company a “positive” rating in a report on Tuesday, November 3rd. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Finally, Evercore restated an “outperform” rating and issued a $96.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $112.58.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited (NYSE: CP), known as CPKC, operates a transcontinental freight railway. Its network connects Canada, the United States and Mexico, providing rail transportation and related logistics services for businesses across North America. CPKC carries a range of goods, including grain and other agricultural products, intermodal freight, automotive shipments, energy products, chemicals, forest products and industrial materials. Its services include rail freight transportation, intermodal shipping and logistics solutions.