Private Advisor Group LLC Sells 284 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Private Advisor Group LLC cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,293 shares of the transportation company’s stock after selling 284 shares during the quarter. Private Advisor Group LLC’s holdings in Canadian Pacific Kansas City were worth $723,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Cornerstone Planning Group LLC boosted its position in shares of Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after buying an additional 256 shares during the period. North Capital Inc. bought a new stake in Canadian Pacific Kansas City in the 1st quarter valued at approximately $27,000. Bernard Wealth Management Corp. acquired a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $31,000. Hexagon Capital Partners LLC boosted its position in Canadian Pacific Kansas City by 49.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after acquiring an additional 164 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $43,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CP shares. Jefferies Financial Group cut their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Bank of America lifted their price target on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Barclays raised their price objective on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Finally, Royal Bank Of Canada reduced their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.95.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $75.92 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $69.69 billion, a P/E ratio of 25.65, a P/E/G ratio of 2.15 and a beta of 1.07. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The stock has a 50 day moving average of $80.24 and a 200-day moving average of $76.95.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm posted $0.93 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Friday, June 27th were paid a dividend of $0.1644 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Friday, June 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 22.30%.

About Canadian Pacific Kansas City

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.