Coldstream Capital Management Inc. Has $1.12 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Coldstream Capital Management Inc. cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,043 shares of the transportation company’s stock after selling 305 shares during the period. Coldstream Capital Management Inc.’s holdings in Canadian Pacific Kansas City were worth $1,116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock valued at $373,540,000 after acquiring an additional 313,298 shares in the last quarter. Conway Capital Management Inc. acquired a new position in Canadian Pacific Kansas City during the third quarter valued at approximately $1,314,000. Executive Wealth Management LLC grew its stake in Canadian Pacific Kansas City by 6.3% in the third quarter. Executive Wealth Management LLC now owns 35,819 shares of the transportation company’s stock valued at $3,064,000 after purchasing an additional 2,113 shares in the last quarter. Duff & Phelps Investment Management Co. increased its position in shares of Canadian Pacific Kansas City by 4.7% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 142,794 shares of the transportation company’s stock worth $12,226,000 after purchasing an additional 6,401 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Canadian Pacific Kansas City by 2.8% during the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after purchasing an additional 81,111 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 1.9 %

CP opened at $74.67 on Friday. Canadian Pacific Kansas City Limited has a fifty-two week low of $72.29 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a fifty day moving average of $77.78 and a 200-day moving average of $79.95. The company has a market capitalization of $69.69 billion, a P/E ratio of 26.67, a P/E/G ratio of 2.24 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.14 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.00%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CP shares. Evercore ISI raised their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Sanford C. Bernstein decreased their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Stifel Nicolaus dropped their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Stephens lowered their price target on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $94.88.

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.