Beutel Goodman & Co Ltd. Cuts Position in Canadian Pacific Kansas City Limited $CP

Beutel Goodman & Co Ltd. trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,127,444 shares of the transportation company’s stock after selling 139,290 shares during the period. Canadian Pacific Kansas City comprises 1.9% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 27th largest position. Beutel Goodman & Co Ltd.’s holdings in Canadian Pacific Kansas City were worth $327,231,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CP. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $27,000. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Chilton Capital Management LLC acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at $49,000. WPG Advisers LLC purchased a new position in Canadian Pacific Kansas City in the first quarter valued at about $50,000. Finally, LRI Investments LLC lifted its stake in shares of Canadian Pacific Kansas City by 42.1% during the second quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock worth $57,000 after purchasing an additional 213 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.0%

NYSE CP opened at $73.94 on Friday. The company has a market capitalization of $66.35 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. The company’s fifty day moving average price is $73.35 and its two-hundred day moving average price is $76.34.

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 net margin of 28.41% and a return on equity of 8.79%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the company posted $0.99 EPS. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.91 dividend on an annualized basis and a yield of 1.2%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.12%.

Analyst Ratings Changes

CP has been the subject of a number of recent research reports. Evercore ISI lowered their target price on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Citigroup decreased their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.69.

About Canadian Pacific Kansas City

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.