Canadian Pacific Kansas City Limited $CP Stock Holdings Lessened by Eagle Global Advisors LLC

Key Points

• Eagle Global Advisors LLC reduced its holdings in Canadian Pacific Kansas City Limited by 3.2%, owning a total of 127,859 shares valued at $10.14 million at the end of the latest quarter.
• Despite the reduction from Eagle Global Advisors, other hedge funds have been increasing their positions in Canadian Pacific Kansas City, with notable increases from Wealth Enhancement Advisory Services LLC (25.3%) and GAMMA Investing LLC (5,799.2%).
• After reporting a missed earnings estimate of $0.81 per share compared to the $0.82 expected, the company’s stock has a consensus rating of "Moderate Buy" with an average price target of $91.88.

Eagle Global Advisors LLC cut its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 3.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 127,859 shares of the transportation company's stock after selling 4,170 shares during the quarter. Eagle Global Advisors LLC's holdings in Canadian Pacific Kansas City were worth $10,135,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CP. Wealth Enhancement Advisory Services LLC lifted its position in Canadian Pacific Kansas City by 25.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 104,490 shares of the transportation company's stock valued at $7,562,000 after purchasing an additional 21,119 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Canadian Pacific Kansas City by 26.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,578 shares of the transportation company's stock valued at $111,000 after purchasing an additional 329 shares during the last quarter. Versant Capital Management Inc lifted its position in Canadian Pacific Kansas City by 446.7% in the 1st quarter. Versant Capital Management Inc now owns 3,794 shares of the transportation company's stock valued at $266,000 after purchasing an additional 3,100 shares during the last quarter. GAMMA Investing LLC lifted its position in Canadian Pacific Kansas City by 5,799.2% in the 1st quarter. GAMMA Investing LLC now owns 172,787 shares of the transportation company's stock valued at $12,131,000 after purchasing an additional 169,858 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Canadian Pacific Kansas City by 3.5% in the 1st quarter. Parallel Advisors LLC now owns 21,724 shares of the transportation company's stock valued at $1,525,000 after purchasing an additional 738 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Stephens lifted their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Wall Street Zen cut shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Barclays boosted their price target on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. The Goldman Sachs Group restated a "neutral" rating and set a $91.00 price target on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Finally, Citigroup boosted their price target on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.88.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $73.47 on Friday. The firm's 50 day moving average is $75.36 and its 200-day moving average is $76.32. The stock has a market capitalization of $66.63 billion, a P/E ratio of 22.89, a P/E/G ratio of 2.08 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $86.56.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be paid a $0.1651 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's dividend payout ratio is presently 20.56%.

About Canadian Pacific Kansas City

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.

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