GAMMA Investing LLC Trims Stake in Canadian Pacific Kansas City Limited $CP

GAMMA Investing LLC reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,240 shares of the transportation company’s stock after selling 221 shares during the quarter. GAMMA Investing LLC’s holdings in Canadian Pacific Kansas City were worth $178,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Canadian Pacific Kansas City by 25.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 104,490 shares of the transportation company’s stock valued at $7,562,000 after buying an additional 21,119 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Canadian Pacific Kansas City by 26.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,578 shares of the transportation company’s stock worth $111,000 after buying an additional 329 shares during the period. Douglas Lane & Associates LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $4,526,000. QV Investors Inc. raised its stake in shares of Canadian Pacific Kansas City by 28.0% during the 1st quarter. QV Investors Inc. now owns 442,987 shares of the transportation company’s stock worth $31,084,000 after buying an additional 96,830 shares during the period. Finally, Merit Financial Group LLC raised its stake in shares of Canadian Pacific Kansas City by 103.3% during the 1st quarter. Merit Financial Group LLC now owns 8,104 shares of the transportation company’s stock worth $569,000 after buying an additional 4,118 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CP shares. Citigroup upped their target price on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. National Bankshares reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Barclays boosted their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.88.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $73.53 on Tuesday. The stock’s fifty day moving average is $75.28 and its two-hundred day moving average is $76.34. The firm has a market capitalization of $66.68 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 2.06 and a beta of 1.06. 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 fifty-two week low of $66.49 and a fifty-two week high of $85.77.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.05 EPS. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

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