Marathon Asset Management Ltd Sells 13,945 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Marathon Asset Management Ltd decreased its position in Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 2.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 681,401 shares of the transportation company’s stock after selling 13,945 shares during the period. Canadian Pacific Kansas City makes up approximately 1.6% of Marathon Asset Management Ltd’s holdings, making the stock its 17th biggest position. Marathon Asset Management Ltd’s holdings in Canadian Pacific Kansas City were worth $58,434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CP. Trust Co. of Vermont increased its holdings in Canadian Pacific Kansas City by 4.7% during the 3rd quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock worth $260,000 after purchasing an additional 135 shares in the last quarter. Walter Public Investments Inc. grew its stake in shares of Canadian Pacific Kansas City by 12.5% during the 3rd quarter. Walter Public Investments Inc. now owns 241,156 shares of the transportation company’s stock worth $20,611,000 after acquiring an additional 26,883 shares during the period. McCollum Christoferson Group LLC increased its stake in shares of Canadian Pacific Kansas City by 0.9% in the third quarter. McCollum Christoferson Group LLC now owns 61,150 shares of the transportation company’s stock worth $5,236,000 after purchasing an additional 567 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Canadian Pacific Kansas City by 13.9% during the third quarter. Vontobel Holding Ltd. now owns 5,227 shares of the transportation company’s stock worth $447,000 after acquiring an additional 639 shares in the last quarter. Finally, Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter worth about $38,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $81.19 on Friday. The stock has a 50-day simple moving average of $82.79 and a two-hundred day simple moving average of $81.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The firm has a market capitalization of $75.75 billion, a P/E ratio of 26.02, a PEG ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter last year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a dividend of $0.1373 per share. The ex-dividend date is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is 17.31%.

Analysts Set New Price Targets

CP has been the topic of several research analyst reports. Evercore ISI upped their price target 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. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Citigroup assumed coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 9th. They set a “buy” rating and a $97.00 price target for the company. Sanford C. Bernstein decreased their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Finally, Barclays upped their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.90.

Check Out Our Latest Stock Report on CP

Canadian Pacific Kansas City Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Canadian Pacific Kansas City (NYSE:CP)

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