Cramer Rosenthal Mcglynn LLC Reduces Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Cramer Rosenthal Mcglynn LLC reduced its stake in Canadian Pacific Kansas City by 21.7%, owning 294,551 shares worth $20.68 million after selling 81,429 shares in the first quarter.
• Canadian Pacific Kansas City has announced an increase in its quarterly dividend to $0.1651 per share, up from $0.16, with a dividend yield of 0.9%.
• The stock has seen a 2.2% increase recently, with a current stock price of approximately $74.84 and a market cap of $68.37 billion.

Cramer Rosenthal Mcglynn LLC reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 21.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,551 shares of the transportation company's stock after selling 81,429 shares during the quarter. Cramer Rosenthal Mcglynn LLC's holdings in Canadian Pacific Kansas City were worth $20,680,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. North Capital Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth $27,000. Cornerstone Planning Group LLC lifted its stake in shares of Canadian Pacific Kansas City by 209.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after purchasing an additional 256 shares during the last quarter. Cheviot Value Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $31,000. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Canadian Pacific Kansas City by 49.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after purchasing an additional 164 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

CP stock traded down $0.04 during trading on Friday, hitting $76.23. 1,884,077 shares of the company traded hands, compared to its average volume of 3,226,313. The stock's 50-day simple moving average is $77.38 and its 200 day simple moving average is $76.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. The company has a market cap of $69.64 billion, a PE ratio of 23.75, a P/E/G ratio of 2.15 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 earnings per share. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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. Shareholders of record on Friday, September 26th will be issued a $0.1651 dividend. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.9%. Canadian Pacific Kansas City's dividend payout ratio is 20.25%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CP shares. Susquehanna restated a "positive" rating and set a $94.00 price objective (up from $90.00) on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 24th. Royal Bank Of Canada dropped their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen upgraded Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Saturday, August 23rd. Citigroup boosted their price target on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, 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 note on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.30.

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.