Ballentine Partners LLC Lowers Stake in Canadian Pacific Kansas City Limited $CP

Ballentine Partners LLC lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 25.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,296 shares of the transportation company’s stock after selling 1,123 shares during the period. Ballentine Partners LLC’s holdings in Canadian Pacific Kansas City were worth $261,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. North Capital Inc. purchased a new stake in Canadian Pacific Kansas City during the first quarter valued at about $27,000. Cornerstone Planning Group LLC grew its position in 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 valued at $28,000 after acquiring an additional 256 shares during the period. Cheviot Value Management LLC purchased a new stake in Canadian Pacific Kansas City during the first quarter valued at about $30,000. Hexagon Capital Partners LLC grew its position in Canadian Pacific Kansas City by 49.5% during the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 164 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the first quarter worth about $35,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CP shares. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Stephens boosted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Barclays boosted their price objective on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.88.

Canadian Pacific Kansas City Trading Up 0.0%

NYSE:CP opened at $73.53 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $85.77. The business’s 50-day simple moving average is $75.28 and its 200 day simple moving average is $76.34. The stock has a market cap of $66.68 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 2.06 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the company earned $1.05 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.1651 per share. The ex-dividend date is Friday, September 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is currently 20.56%.

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.