Parr Mcknight Wealth Management Group LLC Sells 15,724 Shares of Canadian Pacific Kansas City Limited $CP

Parr Mcknight Wealth Management Group LLC decreased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 44.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,746 shares of the transportation company’s stock after selling 15,724 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in Canadian Pacific Kansas City were worth $1,454,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CP. Intech Investment Management LLC raised its holdings in Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after purchasing an additional 2,940 shares in the last quarter. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City in the first quarter worth $35,000. Sivia Capital Partners LLC bought a new position in Canadian Pacific Kansas City in the second quarter worth $206,000. Prudential Financial Inc. raised its holdings in Canadian Pacific Kansas City by 8.7% in the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after purchasing an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Canadian Pacific Kansas City by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 369 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CP. Royal Bank Of Canada reduced their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday. Barclays set a $99.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. Sanford C. Bernstein lifted their price objective on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Finally, Scotiabank downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $95.89.

Canadian Pacific Kansas City Trading Down 0.1%

Shares of NYSE:CP opened at $89.26 on Monday. The stock has a market capitalization of $79.19 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.91 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. The stock’s 50-day simple moving average is $83.32 and its two-hundred day simple moving average is $78.89. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $91.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 earnings per share. Analysts expect that Canadian Pacific Kansas City Limited will post 3.76 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, July 27th. Shareholders of record on Friday, June 26th will be given a $0.268 dividend. The ex-dividend date of this dividend is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is 20.68%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.