Canadian Pacific Kansas City Limited (NYSE:CP) Holdings Trimmed by Whipplewood Advisors LLC

Whipplewood Advisors LLC trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 16.5% during the 1st quarter, HoldingsChannel reports. The firm owned 2,218 shares of the transportation company’s stock after selling 439 shares during the quarter. Whipplewood Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $31,000. Kestra Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $33,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $34,000. YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $36,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $36,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CP. Royal Bank of Canada dropped their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Bank of America upped their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Stifel Nicolaus decreased their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating for the company in a report on Monday, April 14th. Susquehanna upped their price objective on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a “positive” rating in a report on Thursday, May 1st. Finally, Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.66.

Canadian Pacific Kansas City Stock Up 1.1%

CP stock opened at $82.24 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The company has a 50-day moving average of $75.16 and a two-hundred day moving average of $75.46. The stock has a market capitalization of $76.52 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s dividend payout ratio is currently 21.28%.

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.