Canadian Pacific Kansas City Limited (NYSE:CP) Stock Position Cut by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.1% during the second quarter, Holdings Channel reports. The institutional investor owned 444,169 shares of the transportation company’s stock after selling 39,180 shares during the period. Dimensional Fund Advisors LP’s holdings in Canadian Pacific Kansas City were worth $34,970,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Choate Investment Advisors lifted its stake in Canadian Pacific Kansas City by 24.2% during the first quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock valued at $6,349,000 after purchasing an additional 14,037 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Canadian Pacific Kansas City by 1.9% during the 4th quarter. Sei Investments Co. now owns 667,246 shares of the transportation company’s stock worth $52,752,000 after acquiring an additional 12,323 shares in the last quarter. Blue Zone Wealth Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth $4,160,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Canadian Pacific Kansas City by 0.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,229,212 shares of the transportation company’s stock worth $196,672,000 after purchasing an additional 13,727 shares during the period. Finally, Maryland State Retirement & Pension System lifted its holdings in shares of Canadian Pacific Kansas City by 53.0% during the first quarter. Maryland State Retirement & Pension System now owns 49,072 shares of the transportation company’s stock valued at $4,100,000 after purchasing an additional 16,995 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Evercore ISI lifted 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 research report on Wednesday, September 25th. Sanford C. Bernstein upped their price target on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research report on Monday, July 8th. Jefferies Financial Group lowered their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Susquehanna restated a “neutral” rating and issued a $80.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.59.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $84.18 on Wednesday. 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 cap of $78.54 billion, a PE ratio of 26.98, a PEG ratio of 2.43 and a beta of 0.96. The firm’s 50 day moving average price is $82.43 and its 200 day moving average price is $82.26. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. Canadian Pacific Kansas City’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.1373 per share. The ex-dividend date is Friday, September 27th. This represents a $0.55 annualized dividend and a dividend yield of 0.65%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.31%.

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.