Knuff & Co LLC Sells 276 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Knuff & Co LLC lessened its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 33.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 550 shares of the transportation company’s stock after selling 276 shares during the period. Knuff & Co LLC’s holdings in Canadian Pacific Kansas City were worth $47,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Grove Bank & Trust raised its stake in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares during the period. LRI Investments LLC bought a new stake in shares of Canadian Pacific Kansas City in the first quarter worth about $32,000. Addison Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares during the period. Chris Bulman Inc bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $35,000. Finally, Asset Dedication LLC bought a new stake in Canadian Pacific Kansas City during the 3rd quarter worth approximately $38,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $73.95 on Tuesday. The firm’s fifty day moving average price is $81.22 and its two-hundred day moving average price is $80.62. Canadian Pacific Kansas City Limited has a 1 year low of $69.27 and a 1 year high of $91.58. The firm has a market capitalization of $69.02 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, December 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is 19.64%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CP shares. Stifel Nicolaus cut their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Evercore ISI upped their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Stephens reduced their price objective on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Finally, Citigroup dropped their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.68.

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.