Global Retirement Partners LLC Sells 860 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Global Retirement Partners LLC trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,358 shares of the transportation company’s stock after selling 860 shares during the quarter. Global Retirement Partners LLC’s holdings in Canadian Pacific Kansas City were worth $458,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CP. Grove Bank & Trust raised its holdings in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares during the last quarter. LRI Investments LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter worth about $32,000. Chris Bulman Inc acquired a new stake in Canadian Pacific Kansas City in the second quarter worth about $35,000. Asset Dedication LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter worth about $38,000. Finally, ORG Partners LLC acquired a new stake in Canadian Pacific Kansas City in the second quarter worth about $39,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CP. Citigroup began coverage on Canadian Pacific Kansas City in a research report on Wednesday, October 9th. They issued a “buy” rating and a $97.00 price objective for the company. Stifel Nicolaus lowered their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Barclays lifted their price objective 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 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. Finally, Susquehanna boosted their target price on Canadian Pacific Kansas City from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $97.90.

Canadian Pacific Kansas City Trading Down 1.6 %

NYSE:CP opened at $78.77 on Tuesday. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The stock has a market capitalization of $73.50 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. The business’s 50-day simple moving average is $82.86 and its 200-day simple moving average is $81.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, July 30th. The transportation company reported $1.05 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 analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a $0.1373 dividend. This represents a $0.55 annualized dividend and a yield of 0.70%. 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.