Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Marietta Investment Partners LLC

Marietta Investment Partners LLC decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,376 shares of the transportation company’s stock after selling 160 shares during the period. Marietta Investment Partners LLC’s holdings in Canadian Pacific Kansas City were worth $896,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CP. Accretive Wealth Partners LLC increased its position in Canadian Pacific Kansas City by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock worth $753,000 after buying an additional 145 shares during the period. Assetmark Inc. increased its position in Canadian Pacific Kansas City by 16.4% during the fourth quarter. Assetmark Inc. now owns 23,761 shares of the transportation company’s stock worth $1,879,000 after buying an additional 3,341 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Canadian Pacific Kansas City by 4.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 19,792 shares of the transportation company’s stock valued at $1,565,000 after purchasing an additional 809 shares during the last quarter. US Bancorp DE grew its stake in shares of Canadian Pacific Kansas City by 40.9% in the 4th quarter. US Bancorp DE now owns 184,709 shares of the transportation company’s stock valued at $14,603,000 after purchasing an additional 53,597 shares during the last quarter. Finally, Commerce Bank grew its stake in shares of Canadian Pacific Kansas City by 0.3% in the 4th quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock valued at $4,393,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CP shares. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Jefferies Financial Group lowered their target price on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Stifel Nicolaus lifted their target price on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Wells Fargo & Company began coverage on Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target on the stock. Finally, Sanford C. Bernstein lifted their price target on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research note on Monday, July 8th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $96.36.

Canadian Pacific Kansas City Stock Down 1.2 %

CP opened at $85.86 on Monday. The business’s fifty day moving average is $82.16 and its two-hundred day moving average is $82.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The company has a market cap of $80.11 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 2.45 and a beta of 0.96. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The company 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%. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. 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 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. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.64%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.31%.

Canadian Pacific Kansas City 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.