Sustainable Growth Advisers LP Sells 431,682 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Sustainable Growth Advisers LP lessened its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,363,710 shares of the transportation company's stock after selling 431,682 shares during the quarter. Canadian Pacific Kansas City makes up about 3.3% of Sustainable Growth Advisers LP's investment portfolio, making the stock its 11th largest holding. Sustainable Growth Advisers LP owned about 0.90% of Canadian Pacific Kansas City worth $587,216,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Financial Partners Group Inc raised its holdings in shares of Canadian Pacific Kansas City by 0.3% in the first quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company's stock worth $3,464,000 after buying an additional 158 shares during the period. Y Intercept Hong Kong Ltd raised its position in Canadian Pacific Kansas City by 374.7% in the first quarter. Y Intercept Hong Kong Ltd now owns 26,762 shares of the transportation company's stock valued at $1,879,000 after purchasing an additional 21,124 shares during the period. HighPoint Advisor Group LLC grew its stake in shares of Canadian Pacific Kansas City by 2.1% during the first quarter. HighPoint Advisor Group LLC now owns 12,936 shares of the transportation company's stock worth $932,000 after purchasing an additional 264 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Canadian Pacific Kansas City by 6.3% in the first quarter. Lindbrook Capital LLC now owns 2,708 shares of the transportation company's stock valued at $190,000 after acquiring an additional 161 shares in the last quarter. Finally, BKM Wealth Management LLC increased its holdings in Canadian Pacific Kansas City by 5.2% in the first quarter. BKM Wealth Management LLC now owns 7,646 shares of the transportation company's stock valued at $537,000 after buying an additional 379 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CP. Jefferies Financial Group reduced their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Susquehanna reissued a "positive" rating and issued a $94.00 target price (up from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Royal Bank Of Canada lowered their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, Citigroup raised 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 note on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $91.95.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded up $0.51 during mid-day trading on Friday, reaching $76.65. 1,186,777 shares of the company's stock were exchanged, compared to its average volume of 3,187,554. The firm has a market capitalization of $70.36 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 2.16 and a beta of 1.07. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. The firm has a 50-day moving average price of $80.45 and a two-hundred day moving average price of $76.93.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the previous year, the business posted $0.93 EPS. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. Analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a $0.1644 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's payout ratio is currently 22.30%.

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.