Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 32.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,818 shares of the transportation company's stock after selling 92,973 shares during the period. Canadian Pacific Kansas City comprises about 4.2% of Galibier Capital Management Ltd.'s portfolio, making the stock its 12th biggest position. Galibier Capital Management Ltd.'s holdings in Canadian Pacific Kansas City were worth $13,460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CP. Capital Insight Partners LLC grew its position in shares of Canadian Pacific Kansas City by 0.4% during the first quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company's stock worth $2,858,000 after buying an additional 143 shares in the last quarter. Davidson Trust Co. grew its position in shares of Canadian Pacific Kansas City by 3.2% during the first quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock worth $327,000 after buying an additional 144 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Canadian Pacific Kansas City by 2.2% during the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock worth $521,000 after buying an additional 152 shares in the last quarter. Transatlantique Private Wealth LLC grew its position in shares of Canadian Pacific Kansas City by 1.6% during the fourth quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock worth $728,000 after buying an additional 157 shares in the last quarter. Finally, Tradewinds LLC. grew its position in shares of Canadian Pacific Kansas City by 3.8% during the first quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock worth $304,000 after buying an additional 157 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded down $0.78 during trading hours on Friday, hitting $81.63. The stock had a trading volume of 2,537,994 shares, compared to its average volume of 2,820,707. The firm has a market capitalization of $75.21 billion, a PE ratio of 27.58, a PEG ratio of 2.28 and a beta of 1.07. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The stock's 50 day moving average is $79.97 and its 200 day moving average is $76.63. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The company's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, research analysts forecast 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 business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 22.30%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Citigroup boosted their price objective on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research report on Wednesday. Susquehanna reaffirmed a "positive" rating and issued a $94.00 price target (up from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday. Argus set a $90.00 price target on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Finally, Evercore ISI lowered their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $91.95.

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.