First Foundation Advisors Sells 22,608 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

First Foundation Advisors decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,829 shares of the transportation company’s stock after selling 22,608 shares during the quarter. First Foundation Advisors’ holdings in Canadian Pacific Kansas City were worth $10,730,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. North Capital Inc. acquired a new stake in Canadian Pacific Kansas City in the first quarter worth $27,000. Cornerstone Planning Group LLC boosted its position in shares of Canadian Pacific Kansas City by 209.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after purchasing an additional 256 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $31,000. Hexagon Capital Partners LLC increased its position in Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock valued at $35,000 after buying an additional 164 shares in the last quarter. Finally, Curat Global LLC acquired a new position in Canadian Pacific Kansas City during the 1st quarter worth approximately $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 1.3%

NYSE:CP opened at $75.92 on Tuesday. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $80.24 and its 200 day moving average is $76.95. The stock has a market capitalization of $69.69 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted $0.93 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Friday, June 27th were given a dividend of $0.1644 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Friday, June 27th. 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 (DPR) is currently 22.30%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Jefferies Financial Group decreased their price target on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Citigroup raised their price target on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada decreased their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Bank of America raised their target price on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, Susquehanna reiterated a “positive” rating and set a $94.00 price target (up previously from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.95.

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.