Canadian Pacific Kansas City Limited $CP Shares Sold by Oak Family Advisors LLC

Oak Family Advisors LLC trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 35.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,060 shares of the transportation company’s stock after selling 21,926 shares during the period. Oak Family Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $2,984,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Frank Rimerman Advisors LLC grew its position in Canadian Pacific Kansas City by 0.8% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock valued at $1,399,000 after buying an additional 139 shares in the last quarter. Accretive Wealth Partners LLC boosted its holdings in shares of Canadian Pacific Kansas City by 1.3% in the second quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock valued at $936,000 after acquiring an additional 157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Canadian Pacific Kansas City by 9.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,153 shares of the transportation company’s stock valued at $171,000 after acquiring an additional 177 shares during the period. Assenagon Asset Management S.A. raised its holdings in Canadian Pacific Kansas City by 0.6% during the second quarter. Assenagon Asset Management S.A. now owns 28,857 shares of the transportation company’s stock worth $2,282,000 after purchasing an additional 181 shares in the last quarter. Finally, Tanager Wealth Management LLP lifted its position in Canadian Pacific Kansas City by 5.5% in the second quarter. Tanager Wealth Management LLP now owns 3,456 shares of the transportation company’s stock worth $274,000 after purchasing an additional 181 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Up 2.4%

Shares of NYSE CP opened at $72.14 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.63 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 company has a market cap of $64.73 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 1.55 and a beta of 1.10. The business has a fifty day simple moving average of $72.53 and a 200-day simple moving average of $75.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share 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 company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the business posted $0.99 EPS. Sell-side 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 declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be given a $0.228 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. Canadian Pacific Kansas City’s payout ratio is currently 20.12%.

Wall Street Analysts Forecast Growth

CP has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price target on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Citigroup set a $88.00 price target on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Thursday. Finally, Susquehanna set a $87.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $92.36.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.