RFG Advisory LLC Sells 378 Shares of Canadian Pacific Kansas City Limited $CP

RFG Advisory LLC lessened its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,224 shares of the transportation company’s stock after selling 378 shares during the period. RFG Advisory LLC’s holdings in Canadian Pacific Kansas City were worth $573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CP. Wealth Enhancement Advisory Services LLC increased its stake in Canadian Pacific Kansas City by 8.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 113,117 shares of the transportation company’s stock valued at $7,942,000 after acquiring an additional 8,627 shares during the period. Janney Montgomery Scott LLC increased its stake in Canadian Pacific Kansas City by 28.8% during the first quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company’s stock valued at $7,106,000 after acquiring an additional 22,606 shares during the period. QRG Capital Management Inc. increased its stake in Canadian Pacific Kansas City by 19.3% during the first quarter. QRG Capital Management Inc. now owns 15,276 shares of the transportation company’s stock valued at $1,072,000 after acquiring an additional 2,476 shares during the period. Clarius Group LLC increased its stake in Canadian Pacific Kansas City by 16.4% during the first quarter. Clarius Group LLC now owns 4,807 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 677 shares during the period. Finally, Vanderbilt University increased its stake in Canadian Pacific Kansas City by 21.7% during the first quarter. Vanderbilt University now owns 68,402 shares of the transportation company’s stock valued at $4,800,000 after acquiring an additional 12,185 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $76.61 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $69.47 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 2.13 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $83.65. The firm’s 50-day moving average price is $75.44 and its two-hundred day moving average price is $76.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.Canadian Pacific Kansas City’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 earnings per share. On average, equities analysts predict 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, October 27th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.1651 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City’s payout ratio is currently 20.56%.

Analyst Upgrades and Downgrades

CP has been the topic of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, October 8th. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Susquehanna lowered their target price on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a research note on Thursday, September 25th. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Finally, Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given 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 an average rating of “Moderate Buy” and an average target price of $91.38.

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.