Gold Investment Management Ltd. Sells 7,148 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Gold Investment Management Ltd. reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 78,526 shares of the transportation company’s stock after selling 7,148 shares during the quarter. Canadian Pacific Kansas City accounts for 2.8% of Gold Investment Management Ltd.’s investment portfolio, making the stock its 5th largest position. Gold Investment Management Ltd.’s holdings in Canadian Pacific Kansas City were worth $6,714,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Choate Investment Advisors lifted its holdings in Canadian Pacific Kansas City by 24.2% during the 1st quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock worth $6,349,000 after buying an additional 14,037 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $11,810,000. Cetera Investment Advisers raised its holdings in shares of Canadian Pacific Kansas City by 272.0% in the 1st quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock valued at $4,874,000 after purchasing an additional 40,380 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Canadian Pacific Kansas City by 16.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 71,167 shares of the transportation company’s stock valued at $6,275,000 after purchasing an additional 10,234 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at $2,629,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.3 %

Shares of NYSE CP opened at $78.54 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $73.30 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 2.32 and a beta of 0.98. The firm has a 50-day moving average price of $82.36 and a 200 day moving average price of $80.94. Canadian Pacific Kansas City Limited has a 52 week low of $69.08 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced 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). The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is presently 19.64%.

Analyst Upgrades and Downgrades

CP has been the topic of a number of recent analyst reports. Susquehanna raised shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their target price for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Bank of America lowered their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report 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 research report on Monday, October 28th. Sanford C. Bernstein lowered their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $94.15.

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.