34,169 Canadian Pacific Kansas City Limited $CP Shares Sold by Narwhal Capital Management

Narwhal Capital Management trimmed its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 27.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,297 shares of the transportation company’s stock after selling 34,169 shares during the period. Narwhal Capital Management’s holdings in Canadian Pacific Kansas City were worth $7,854,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $802,983,000. The Manufacturers Life Insurance Company acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth $657,672,000. Legal & General Group Plc acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth $604,797,000. Janus Henderson Group PLC boosted its position in Canadian Pacific Kansas City by 9.8% in the 1st quarter. Janus Henderson Group PLC now owns 6,749,527 shares of the transportation company’s stock valued at $530,551,000 after buying an additional 601,692 shares during the last quarter. Finally, Jupiter Topco LLC bought a new position in Canadian Pacific Kansas City in the 2nd quarter valued at $576,687,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Trading Down 0.3%

CP opened at $93.72 on Wednesday. The firm has a 50 day simple moving average of $88.54 and a 200 day simple moving average of $86.65. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.83 and a fifty-two week high of $96.90. The company has a market cap of $81.57 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.52 and a quick ratio of 0.44.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 28th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 9.27%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the business posted $1.10 earnings per share. Canadian Pacific Kansas City’s revenue was up 15.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.67 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 25th. Stockholders of record on Thursday, December 31st will be paid a C$0.27 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is 24.68%.

Analyst Ratings Changes

Several research firms have recently commented on CP. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 29th. Weiss Ratings lowered Canadian Pacific Kansas City from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 24th. Finally, Zacks Research lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.58.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP), known as CPKC, operates a transcontinental freight railway. Its network connects Canada, the United States and Mexico, providing rail transportation and related logistics services for businesses across North America. CPKC carries a range of goods, including grain and other agricultural products, intermodal freight, automotive shipments, energy products, chemicals, forest products and industrial materials. Its services include rail freight transportation, intermodal shipping and logistics solutions.