Canadian Pacific Kansas City Limited $CP Stock Sold by Sustainable Growth Advisers LP

Key Points

• Sustainable Growth Advisers LP cut its Canadian Pacific Kansas City stake by 38.2% in the third quarter, selling 1.24 million shares. It still held about 2.01 million shares worth $170.9 million, representing 1.9% of its portfolio.
• Canadian Pacific Kansas City reported quarterly EPS of $0.92, beating estimates by $0.03, while revenue rose 12.6% year over year to $2.93 billion. Analysts expect full-year EPS of $3.70.
• The company declared a quarterly dividend of C$0.27 per share, equivalent to a 1.2% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $111.83.

Sustainable Growth Advisers LP reduced its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 38.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,007,716 shares of the transportation company's stock after selling 1,239,476 shares during the quarter. Canadian Pacific Kansas City accounts for 1.9% of Sustainable Growth Advisers LP's portfolio, making the stock its 19th largest position. Sustainable Growth Advisers LP owned about 0.23% of Canadian Pacific Kansas City worth $170,857,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fiduciary Financial Advisors purchased a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $25,000. Jones Financial Companies Lllp purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter worth $44,000. Western Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City during the 1st quarter worth $50,000. Knuff & Co LLC purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter worth $50,000. Finally, Chilton Capital Management LLC increased its holdings in Canadian Pacific Kansas City by 192.3% in the 2nd quarter. Chilton Capital Management LLC now owns 684 shares of the transportation company's stock valued at $59,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

CP opened at $86.99 on Friday. The company has a fifty day simple moving average of $89.65 and a 200 day simple moving average of $87.85. The firm has a market cap of $76.12 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 1.80 and a beta of 1.13. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $96.90. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. The firm's quarterly revenue was up 12.6% on a year-over-year basis. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.70 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid a dividend of C$0.27 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 24.76%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Evercore set a $99.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, July 30th. Stephens upgraded Canadian Pacific Kansas City to a "hold" rating in a research note on Wednesday, July 8th. Wall Street Zen raised Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th. Zacks Research upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 30th. Finally, Weiss Ratings upgraded Canadian Pacific Kansas City from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $111.83.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited NYSE: CP is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.

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