Moors & Cabot Inc. Sells 292 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Moors & Cabot Inc. lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,090 shares of the transportation company’s stock after selling 292 shares during the quarter. Moors & Cabot Inc.’s holdings in Canadian Pacific Kansas City were worth $2,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CP. Grove Bank & Trust increased its holdings in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares during the period. Tower View Wealth Management LLC increased its holdings in Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock valued at $4,410,000 after buying an additional 130 shares during the period. Bradley Foster & Sargent Inc. CT increased its holdings in Canadian Pacific Kansas City by 3.0% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock valued at $355,000 after buying an additional 131 shares during the period. Trust Co. of Vermont increased its holdings in Canadian Pacific Kansas City by 4.7% in the 3rd quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock valued at $260,000 after buying an additional 135 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Canadian Pacific Kansas City by 12.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock valued at $107,000 after buying an additional 141 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CP. Bank of America lowered their price target on shares of 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. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Susquehanna raised shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their target price for the stock from $94.00 to $92.00 in a report on Thursday, October 24th. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Finally, Evercore ISI upped their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $93.68.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $73.55 on Thursday. The stock has a market capitalization of $68.65 billion, a P/E ratio of 26.27, a P/E/G ratio of 2.20 and a beta of 0.98. Canadian Pacific Kansas City Limited has a twelve month low of $69.27 and a twelve month high of $91.58. The company has a 50 day moving average of $80.77 and a 200-day moving average of $80.53. 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 quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Canadian Pacific Kansas City’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.00%.

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.