Laird Norton Wetherby Wealth Management LLC Has $1.41 Million Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Laird Norton Wetherby Wealth Management LLC trimmed its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,466 shares of the transportation company’s stock after selling 2,642 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $1,409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CP. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $33,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $34,000. YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $36,000. Millstone Evans Group LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $36,000. Finally, Curio Wealth LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $78.60 on Wednesday. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The stock has a market cap of $73.13 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm’s 50-day simple moving average is $72.94 and its 200 day simple moving average is $75.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be paid a $0.1644 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. This represents a $0.66 annualized dividend and a yield of 0.84%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 21.28%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CP. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Citigroup decreased their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Argus set a $90.00 price target on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.71.

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.