Founders Grove Wealth Partners LLC Decreases Stake in Canadian Pacific Kansas City Limited $CP

Founders Grove Wealth Partners LLC lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 28.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,531 shares of the transportation company’s stock after selling 1,017 shares during the period. Founders Grove Wealth Partners LLC’s holdings in Canadian Pacific Kansas City were worth $201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CP. Capital Insight Partners LLC raised its holdings in shares of Canadian Pacific Kansas City by 0.4% during the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company’s stock worth $2,858,000 after acquiring an additional 143 shares during the period. Davidson Trust Co. raised its holdings in shares of Canadian Pacific Kansas City by 3.2% during the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company’s stock worth $327,000 after acquiring an additional 144 shares during the period. Redmond Asset Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 0.5% during the 1st quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company’s stock worth $2,220,000 after acquiring an additional 148 shares during the period. Tradewinds LLC. raised its holdings in shares of Canadian Pacific Kansas City by 3.8% during the 1st quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company’s stock worth $304,000 after acquiring an additional 157 shares during the period. Finally, Financial Partners Group Inc raised its holdings in shares of Canadian Pacific Kansas City by 0.3% during the 1st quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company’s stock worth $3,464,000 after acquiring an additional 158 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, October 8th. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Finally, Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.38.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $76.11 on Tuesday. The company has a market cap of $69.02 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.11 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. The stock has a 50-day moving average of $75.38 and a two-hundred day moving average of $76.58. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be given a $0.1651 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 annualized dividend and a yield of 0.9%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.56%.

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.