Canadian Pacific Kansas City Limited (NYSE:CP) Stake Decreased by Arkadios Wealth Advisors

Arkadios Wealth Advisors reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 20.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,208 shares of the transportation company’s stock after selling 824 shares during the quarter. Arkadios Wealth Advisors’ holdings in Canadian Pacific Kansas City were worth $232,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CP. S&CO Inc. lifted its holdings in Canadian Pacific Kansas City by 183.3% in the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock valued at $1,454,000 after acquiring an additional 11,000 shares during the last quarter. Swiss National Bank raised its holdings in shares of Canadian Pacific Kansas City by 0.8% in the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock worth $241,645,000 after purchasing an additional 23,000 shares in the last quarter. Barclays PLC lifted its stake in Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after purchasing an additional 81,111 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in Canadian Pacific Kansas City during the second quarter worth approximately $11,810,000. Finally, Toronto Dominion Bank grew its position in Canadian Pacific Kansas City by 20.4% in the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock worth $178,189,000 after buying an additional 352,534 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $80.08 on Friday. The firm has a market cap of $74.76 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 1.99 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $74.71 and a 200 day simple moving average of $79.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CP has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Barclays reduced their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Bank of America dropped their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Stephens upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $81.00 to $88.00 in a report on Monday, January 6th. Finally, StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.63.

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.