Delta Investment Management LLC Sells 181 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Delta Investment Management LLC cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,936 shares of the transportation company’s stock after selling 181 shares during the period. Delta Investment Management LLC’s holdings in Canadian Pacific Kansas City were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CP. Bradley Foster & Sargent Inc. CT lifted its holdings in Canadian Pacific Kansas City by 3.0% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock valued at $355,000 after purchasing an additional 131 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Canadian Pacific Kansas City by 12.1% in the first quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock worth $108,000 after acquiring an additional 133 shares during the last quarter. Accretive Wealth Partners LLC raised its stake in shares of Canadian Pacific Kansas City by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock worth $753,000 after acquiring an additional 145 shares during the last quarter. Mayflower Financial Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 1.1% in the second quarter. Mayflower Financial Advisors LLC now owns 13,843 shares of the transportation company’s stock worth $1,090,000 after acquiring an additional 147 shares during the last quarter. Finally, American National Bank raised its stake in shares of Canadian Pacific Kansas City by 5.0% in the second quarter. American National Bank now owns 3,126 shares of the transportation company’s stock worth $246,000 after acquiring an additional 150 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CP. Sanford C. Bernstein boosted their target price on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Barclays boosted their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday. Jefferies Financial Group dropped their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company started coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They set an “overweight” rating and a $90.00 price target for the company. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.59.

Canadian Pacific Kansas City Stock Up 0.7 %

Shares of NYSE CP opened at $85.68 on Friday. The stock has a market cap of $79.96 billion, a P/E ratio of 27.46, a P/E/G ratio of 2.43 and a beta of 0.96. The firm has a 50 day moving average price of $82.27 and a 200 day moving average price of $82.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.31. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 earnings per share. Analysts expect that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be issued a $0.1373 dividend. This represents a $0.55 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

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.