Rosenberg Matthew Hamilton Sells 189 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Rosenberg Matthew Hamilton lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,187 shares of the transportation company’s stock after selling 189 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Canadian Pacific Kansas City were worth $86,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CP. Grove Bank & Trust increased its position 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 worth $31,000 after buying an additional 130 shares during the period. Addison Advisors LLC grew its position in Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after buying an additional 279 shares in the last quarter. FSA Wealth Management LLC bought a new position in Canadian Pacific Kansas City during the third quarter valued at about $34,000. Asset Dedication LLC bought a new position in Canadian Pacific Kansas City during the third quarter valued at about $38,000. Finally, Kennebec Savings Bank acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $42,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

CP has been the topic of several recent research reports. Stephens raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $81.00 to $88.00 in a report on Monday, January 6th. Bank of America decreased 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 research note on Thursday, October 24th. Wells Fargo & Company lowered their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Susquehanna reduced their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $93.56.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $74.21 on Wednesday. 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 firm has a market cap of $69.28 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58. The company’s 50-day moving average price is $74.92 and its two-hundred day moving average price is $79.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The business had revenue of $3.55 billion during 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 firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share. On average, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, December 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.93%.

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.