Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Other hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 4.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 19,792 shares of the transportation company’s stock worth $1,565,000 after purchasing an additional 809 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Canadian Pacific Kansas City by 24.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,588 shares of the transportation company’s stock worth $837,000 after buying an additional 2,059 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Canadian Pacific Kansas City by 41.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 81,566 shares of the transportation company’s stock valued at $6,449,000 after buying an additional 24,001 shares during the period. Capital International Sarl increased its stake in shares of Canadian Pacific Kansas City by 2.9% during the 4th quarter. Capital International Sarl now owns 236,430 shares of the transportation company’s stock valued at $18,692,000 after acquiring an additional 6,712 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Canadian Pacific Kansas City by 176.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 42,653 shares of the transportation company’s stock worth $3,372,000 after acquiring an additional 27,230 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $84.18 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The company’s fifty day moving average price is $82.43 and its two-hundred day moving average price is $82.26. The firm has a market capitalization of $78.54 billion, a P/E ratio of 26.98, a P/E/G ratio of 2.43 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58.

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

Canadian Pacific Kansas City Cuts Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein boosted their target price on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a report on Monday, July 8th. Wells Fargo & Company assumed coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They set an “overweight” rating and a $90.00 price objective for the company. Jefferies Financial Group cut their target price on 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. Barclays boosted their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, Evercore ISI raised their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Nine equities research 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 stock has a consensus rating of “Moderate Buy” and an average target price of $96.59.

Canadian Pacific Kansas City 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.