Creative Planning Cuts Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Creative Planning trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 39.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,500 shares of the transportation company’s stock after selling 84,609 shares during the period. Creative Planning’s holdings in Canadian Pacific Kansas City were worth $10,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Delta Investment Management LLC grew its position in Canadian Pacific Kansas City by 3.2% in the first quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock worth $363,000 after acquiring an additional 126 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Canadian Pacific Kansas City by 3.0% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock worth $355,000 after purchasing an additional 131 shares during the period. GAMMA Investing LLC increased its position in shares of Canadian Pacific Kansas City by 12.1% during the 1st quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 133 shares during the last quarter. Mayflower Financial Advisors LLC raised its holdings in Canadian Pacific Kansas City by 1.1% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 13,843 shares of the transportation company’s stock valued at $1,090,000 after buying an additional 147 shares during the period. Finally, American National Bank boosted its stake in Canadian Pacific Kansas City by 5.0% during the second quarter. American National Bank now owns 3,126 shares of the transportation company’s stock worth $246,000 after buying an additional 150 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CP. Evercore ISI raised their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Barclays lifted their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group lowered their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Wells Fargo & Company started coverage on Canadian Pacific Kansas City in a research report on Friday, June 7th. They set an “overweight” rating and a $90.00 target price for the company. Finally, Susquehanna restated a “neutral” rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $96.59.

Canadian Pacific Kansas City Stock Performance

CP opened at $84.18 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58. The company has a market cap of $78.54 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96. The firm’s 50-day moving average price is $82.43 and its 200-day moving average price is $82.26.

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

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.1373 per share. This represents a $0.55 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is 17.31%.

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.