Clarius Group LLC Sells 913 Shares of Canadian Pacific Kansas City Limited $CP

Clarius Group LLC trimmed its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 19.0% during the second quarter, HoldingsChannel.com reports. The fund owned 3,894 shares of the transportation company’s stock after selling 913 shares during the quarter. Clarius Group LLC’s holdings in Canadian Pacific Kansas City were worth $309,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CP. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Saturday, September 27th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Susquehanna decreased their target price on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a report on Thursday, September 25th. Barclays set a $90.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday. Finally, National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.80.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $77.39 on Tuesday. 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 Limited has a 1-year low of $66.49 and a 1-year high of $83.65. The stock has a market capitalization of $70.18 billion, a P/E ratio of 24.11, a P/E/G ratio of 2.18 and a beta of 1.08. The business has a 50-day moving average price of $75.19 and a two-hundred day moving average price of $76.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. Equities analysts predict 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 will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 26th. This is a positive change 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.