New England Research & Management Inc. Has $2.50 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

New England Research & Management Inc. lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,196 shares of the transportation company’s stock after selling 413 shares during the quarter. Canadian Pacific Kansas City makes up approximately 1.2% of New England Research & Management Inc.’s holdings, making the stock its 25th biggest holding. New England Research & Management Inc.’s holdings in Canadian Pacific Kansas City were worth $2,497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CP. Ossiam increased its position in Canadian Pacific Kansas City by 34.4% in the 4th quarter. Ossiam now owns 100,606 shares of the transportation company’s stock valued at $7,999,000 after acquiring an additional 25,761 shares in the last quarter. Sei Investments Co. boosted its position in Canadian Pacific Kansas City by 1.9% in the 4th quarter. Sei Investments Co. now owns 667,246 shares of the transportation company’s stock valued at $52,752,000 after buying an additional 12,323 shares during the last quarter. State of Tennessee Treasury Department raised its position in shares of Canadian Pacific Kansas City by 2.8% during the fourth quarter. State of Tennessee Treasury Department now owns 1,168,306 shares of the transportation company’s stock worth $92,602,000 after acquiring an additional 31,455 shares during the last quarter. Veritas Asset Management LLP boosted its holdings in Canadian Pacific Kansas City by 1.8% in the fourth quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock valued at $1,062,148,000 after acquiring an additional 243,210 shares during the last quarter. Finally, Icon Wealth Advisors LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $380,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 1.5 %

Shares of NYSE:CP traded down $1.26 during mid-day trading on Monday, reaching $81.16. 2,478,162 shares of the stock were exchanged, compared to its average volume of 2,108,022. The company has a market cap of $75.73 billion, a P/E ratio of 26.01, a P/E/G ratio of 2.43 and a beta of 0.96. The stock’s 50 day simple moving average is $82.50 and its 200-day simple moving average is $82.12. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58.

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

Canadian Pacific Kansas City Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CP. Barclays raised their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Susquehanna upped their target price on shares of Canadian Pacific Kansas City from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group decreased their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Stifel Nicolaus increased their target price on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Finally, Sanford C. Bernstein raised their target price on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a report on Monday, July 8th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $97.42.

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.