Advisor OS LLC Sells 1,668 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Advisor OS LLC cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 19.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,841 shares of the transportation company’s stock after selling 1,668 shares during the quarter. Advisor OS LLC’s holdings in Canadian Pacific Kansas City were worth $539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Delta Investment Management LLC grew its position in shares of Canadian Pacific Kansas City by 3.2% in the 1st quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock valued at $363,000 after purchasing an additional 126 shares during the period. GAMMA Investing LLC increased its stake in 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 worth $108,000 after purchasing an additional 133 shares in the last quarter. Commerce Bank increased its stake in Canadian Pacific Kansas City by 0.3% during the 4th quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock worth $4,393,000 after purchasing an additional 144 shares in the last quarter. Accretive Wealth Partners LLC increased its stake in Canadian Pacific Kansas City by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock worth $753,000 after purchasing an additional 145 shares in the last quarter. Finally, Mayflower Financial Advisors LLC increased its stake 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 worth $1,090,000 after purchasing an additional 147 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Down 0.8 %

CP stock opened at $82.85 on Friday. The company has a market cap of $77.30 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. The business has a 50-day simple moving average of $81.03 and a 200 day simple moving average of $82.52. 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 quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. The business had revenue of $3.60 billion during 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 revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.09 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be given a $0.1373 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.31%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CP shares. 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. Stifel Nicolaus raised their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Susquehanna reaffirmed 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. 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, Barclays decreased their target price on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. 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.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $96.36.

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.