Summit Trail Advisors LLC Sells 2,205 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Summit Trail Advisors LLC decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,060 shares of the transportation company’s stock after selling 2,205 shares during the quarter. Summit Trail Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $1,546,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. S&CO Inc. grew its holdings in Canadian Pacific Kansas City by 183.3% during the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock valued at $1,454,000 after buying an additional 11,000 shares in the last quarter. Swiss National Bank lifted its position in Canadian Pacific Kansas City by 0.8% in the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock worth $241,645,000 after buying an additional 23,000 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $11,810,000. Cetera Investment Advisers boosted its holdings in Canadian Pacific Kansas City by 272.0% during the 1st quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock valued at $4,874,000 after acquiring an additional 40,380 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Canadian Pacific Kansas City in the third quarter worth $696,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CP. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and cut their price objective for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. Citigroup lowered their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Evercore ISI boosted 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 report on Wednesday, September 25th. Stifel Nicolaus decreased their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.68.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $76.69 on Monday. The firm has a market cap of $71.58 billion, a PE ratio of 27.39, a P/E/G ratio of 2.23 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 1-year low of $69.27 and a 1-year high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $80.34 and a two-hundred day simple moving average of $80.45.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS 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 analysts’ expectations of $3.59 billion. During the same period in the prior year, the company posted $0.69 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a dividend of $0.14 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is presently 20.00%.

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.