Platform Technology Partners Cuts Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Platform Technology Partners reduced its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,530 shares of the transportation company’s stock after selling 162 shares during the quarter. Platform Technology Partners’ holdings in Canadian Pacific Kansas City were worth $645,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Atomi Financial Group Inc. raised its position in Canadian Pacific Kansas City by 18.4% in the first quarter. Atomi Financial Group Inc. now owns 4,092 shares of the transportation company’s stock valued at $361,000 after purchasing an additional 637 shares during the period. Inspire Investing LLC lifted its position in Canadian Pacific Kansas City by 2.4% during the 1st quarter. Inspire Investing LLC now owns 12,834 shares of the transportation company’s stock worth $1,132,000 after acquiring an additional 298 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in Canadian Pacific Kansas City by 1.4% in the 1st quarter. QRG Capital Management Inc. now owns 12,867 shares of the transportation company’s stock worth $1,135,000 after acquiring an additional 175 shares during the period. Bleakley Financial Group LLC grew its position in Canadian Pacific Kansas City by 3.8% in the first quarter. Bleakley Financial Group LLC now owns 4,344 shares of the transportation company’s stock valued at $383,000 after acquiring an additional 161 shares in the last quarter. Finally, Hudson Value Partners LLC raised its stake in shares of Canadian Pacific Kansas City by 273.4% during the first quarter. Hudson Value Partners LLC now owns 53,967 shares of the transportation company’s stock valued at $4,763,000 after purchasing an additional 39,516 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CP has been the subject of several analyst reports. Citigroup upped their target price on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Susquehanna raised shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price objective for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Jefferies Financial Group dropped 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. Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Finally, Evercore ISI lifted 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. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

Canadian Pacific Kansas City Stock Down 0.3 %

CP stock opened at $77.39 on Tuesday. The firm has a market cap of $72.23 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.30 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 1-year low of $69.08 and a 1-year high of $91.58. The firm has a fifty day moving average price of $82.07 and a two-hundred day moving average price of $80.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the company earned $0.69 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% on a year-over-year basis. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a $0.14 dividend. This is an increase 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 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 19.64%.

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.