Galibier Capital Management Ltd. Sells 178 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Galibier Capital Management Ltd. trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 331,469 shares of the transportation company’s stock after selling 178 shares during the period. Canadian Pacific Kansas City comprises about 6.4% of Galibier Capital Management Ltd.’s investment portfolio, making the stock its 6th largest holding. Galibier Capital Management Ltd.’s holdings in Canadian Pacific Kansas City were worth $28,381,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Pathway Financial Advisers LLC boosted its holdings in shares of Canadian Pacific Kansas City by 8,456.8% in the third quarter. Pathway Financial Advisers LLC now owns 103,195 shares of the transportation company’s stock valued at $8,827,000 after buying an additional 101,989 shares during the period. Highview Capital Management LLC DE lifted its position in Canadian Pacific Kansas City by 5.6% in the 3rd quarter. Highview Capital Management LLC DE now owns 14,994 shares of the transportation company’s stock valued at $1,284,000 after acquiring an additional 795 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in Canadian Pacific Kansas City in the 3rd quarter worth $201,000. Hunter Associates Investment Management LLC increased its holdings in Canadian Pacific Kansas City by 16.4% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 5,737 shares of the transportation company’s stock worth $494,000 after purchasing an additional 810 shares in the last quarter. Finally, Autumn Glory Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $539,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Bank of America reduced their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Stephens lowered their price objective on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a report on Monday. Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Finally, Susquehanna upgraded shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their price target for the company from $94.00 to $92.00 in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.15.

Canadian Pacific Kansas City Stock Performance

CP traded down $0.02 during trading hours on Wednesday, reaching $77.97. The company’s stock had a trading volume of 115,773 shares, compared to its average volume of 2,100,960. The company’s 50-day moving average is $82.80 and its 200-day moving average is $81.18. Canadian Pacific Kansas City Limited has a 52 week low of $69.08 and a 52 week high of $91.58. The firm has a market cap of $72.77 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.2 EPS 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 paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. 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 (DPR) is 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.