Waycross Investment Management Co Sells 1,097 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Waycross Investment Management Co cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,242 shares of the transportation company’s stock after selling 1,097 shares during the period. Waycross Investment Management Co’s holdings in Canadian Pacific Kansas City were worth $705,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Canadian Pacific Kansas City by 757.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,303,549 shares of the transportation company’s stock worth $342,191,000 after purchasing an additional 3,801,910 shares during the last quarter. Mirova US LLC bought a new position in Canadian Pacific Kansas City during the second quarter valued at about $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Canadian Pacific Kansas City by 398.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after buying an additional 1,678,784 shares during the last quarter. Cantillon Capital Management LLC raised its position in Canadian Pacific Kansas City by 49.1% in the first quarter. Cantillon Capital Management LLC now owns 3,567,692 shares of the transportation company’s stock worth $314,563,000 after acquiring an additional 1,174,200 shares during the period. Finally, Wulff Hansen & CO. boosted its stake in Canadian Pacific Kansas City by 8,261.4% in the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock valued at $74,282,000 after acquiring an additional 932,216 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CP shares. Evercore ISI raised their target price on 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. Jefferies Financial Group cut their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Sanford C. Bernstein boosted 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. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Finally, Stifel Nicolaus boosted their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.42.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded up $0.54 on Friday, hitting $82.42. 2,953,730 shares of the company traded hands, compared to its average volume of 2,106,094. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The firm’s 50-day simple moving average is $82.50 and its 200 day simple moving average is $82.17. The company has a market cap of $76.90 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.43 and a beta of 0.96. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.31. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. Analysts expect 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 firm also recently disclosed 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 0.67%. Canadian Pacific Kansas City’s payout ratio is 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.