Signaturefd LLC Sells 1,092 Shares of Canadian Pacific Kansas City Limited $CP

Signaturefd LLC lessened its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,028 shares of the transportation company’s stock after selling 1,092 shares during the period. Signaturefd LLC’s holdings in Canadian Pacific Kansas City were worth $1,588,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CP. North Capital Inc. bought a new position in Canadian Pacific Kansas City during the 1st quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its stake in shares of Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock valued at $28,000 after buying an additional 256 shares during the period. Cheviot Value Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $30,000. Hexagon Capital Partners LLC boosted its holdings in Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 164 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter valued at $35,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Citigroup upped their target price on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. The Goldman Sachs Group reiterated a “neutral” rating and set a $91.00 target price on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Finally, Susquehanna dropped their price target on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $91.88.

Canadian Pacific Kansas City Stock Down 1.0%

Shares of NYSE:CP opened at $73.47 on Monday. The stock has a fifty day simple moving average of $75.36 and a two-hundred day simple moving average of $76.36. The stock has a market capitalization of $66.63 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 2.06 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $86.56. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be paid a $0.1651 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City’s payout ratio is currently 20.56%.

Canadian Pacific Kansas City Company 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.