XTX Topco Ltd Sells 55,442 Shares of Canadian Pacific Kansas City Limited $CP

XTX Topco Ltd trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 94.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,965 shares of the transportation company’s stock after selling 55,442 shares during the quarter. XTX Topco Ltd’s holdings in Canadian Pacific Kansas City were worth $235,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $35,000. Chilton Capital Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $49,000. WPG Advisers LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $50,000. LRI Investments LLC boosted its holdings in Canadian Pacific Kansas City by 42.1% during the 2nd quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 213 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Canadian Pacific Kansas City during the 1st quarter valued at $59,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CP has been the topic of a number of recent analyst reports. Royal Bank Of Canada reduced their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a report on Thursday, October 30th. Citigroup cut their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $91.69.

Canadian Pacific Kansas City Trading Down 1.3%

NYSE:CP opened at $73.12 on Wednesday. The company has a market capitalization of $65.61 billion, a P/E ratio of 22.29, a PEG ratio of 1.88 and a beta of 1.11. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. The firm has a fifty day simple moving average of $73.34 and a 200-day simple moving average of $76.12.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the business earned $0.99 EPS. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be paid a $0.228 dividend. The ex-dividend date is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 19.82%.

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.