Stratos Wealth Partners LTD. Sells 440 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Stratos Wealth Partners LTD. reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,025 shares of the transportation company’s stock after selling 440 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Canadian Pacific Kansas City were worth $493,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CP. Proficio Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $2,602,000. Sequoia Financial Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 4.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,461 shares of the transportation company’s stock worth $902,000 after acquiring an additional 483 shares during the period. Gold Investment Management Ltd. grew its stake in shares of Canadian Pacific Kansas City by 1.0% in the fourth quarter. Gold Investment Management Ltd. now owns 79,276 shares of the transportation company’s stock worth $5,739,000 after acquiring an additional 750 shares during the period. Curio Wealth LLC bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $39,000. Finally, Generali Asset Management SPA SGR bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at approximately $1,542,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

CP stock opened at $81.25 on Tuesday. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The company’s fifty day moving average price is $80.12 and its 200-day moving average price is $76.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81. The company has a market capitalization of $74.86 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 2.28 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a $0.1644 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s payout ratio is 22.30%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. The Goldman Sachs Group restated a “neutral” rating and set a $91.00 target price on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Jefferies Financial Group cut their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday. Finally, Barclays boosted their target price on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $91.95.

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.