Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Creative Planning

Creative Planning trimmed its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 39.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,500 shares of the transportation company’s stock after selling 84,609 shares during the period. Creative Planning’s holdings in Canadian Pacific Kansas City were worth $10,274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CP. Choate Investment Advisors boosted its stake in shares of Canadian Pacific Kansas City by 24.2% during the 1st quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock worth $6,349,000 after acquiring an additional 14,037 shares in the last quarter. Sei Investments Co. grew its holdings in Canadian Pacific Kansas City by 1.9% in the fourth quarter. Sei Investments Co. now owns 667,246 shares of the transportation company’s stock valued at $52,752,000 after purchasing an additional 12,323 shares during the period. Encompass Capital Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $11,810,000. Blue Zone Wealth Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $4,160,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Canadian Pacific Kansas City by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,229,212 shares of the transportation company’s stock valued at $196,672,000 after buying an additional 13,727 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Down 1.6 %

CP stock opened at $84.18 on Wednesday. The firm has a market cap of $78.54 billion, a PE ratio of 26.98, a PEG ratio of 2.43 and a beta of 0.96. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The firm’s 50 day moving average price is $82.43 and its 200-day moving average price is $82.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be paid a $0.1373 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.31%.

Analyst Ratings Changes

Several brokerages recently commented on CP. Sanford C. Bernstein boosted their price target on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a report on Monday, July 8th. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Stifel Nicolaus raised their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Susquehanna reiterated a “neutral” rating and set a $80.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Finally, Evercore ISI raised their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $96.59.

Canadian Pacific Kansas City 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.