Canadian Pacific Kansas City Limited (NYSE:CP) Stock Position Decreased by SpiderRock Advisors LLC

SpiderRock Advisors LLC decreased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 29.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,540 shares of the transportation company’s stock after selling 5,165 shares during the quarter. SpiderRock Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $1,073,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Grove Bank & Trust increased its position in Canadian Pacific Kansas City by 56.0% during the third 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 last quarter. LRI Investments LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at about $32,000. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $35,000. Asset Dedication LLC bought a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $38,000. Finally, ORG Partners LLC acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 1.5 %

Canadian Pacific Kansas City stock opened at $77.59 on Monday. Canadian Pacific Kansas City Limited has a 12 month low of $69.08 and a 12 month high of $91.58. The stock has a market cap of $72.42 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 2.33 and a beta of 0.98. The business has a 50 day moving average price of $82.18 and a two-hundred day moving average price of $80.81. 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 issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm 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 dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is 19.64%.

Wall Street Analysts Forecast Growth

CP has been the topic of several analyst reports. Bank of America lowered their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Jefferies Financial Group lowered their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Finally, Barclays lifted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $94.15.

About Canadian Pacific Kansas City

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.