Prospera Financial Services Inc Reduces Stock Holdings in Canadian Pacific Kansas City Limited $CP

Prospera Financial Services Inc lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,148 shares of the transportation company’s stock after selling 9,546 shares during the quarter. Prospera Financial Services Inc’s holdings in Canadian Pacific Kansas City were worth $11,185,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. increased its holdings in Canadian Pacific Kansas City by 7.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 153,448 shares of the transportation company’s stock valued at $11,430,000 after acquiring an additional 10,726 shares in the last quarter. Meixler Investment Management Ltd. purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at about $1,644,000. Fortune Financial Advisors LLC grew its position in shares of Canadian Pacific Kansas City by 2.1% in the third quarter. Fortune Financial Advisors LLC now owns 13,465 shares of the transportation company’s stock valued at $1,003,000 after purchasing an additional 283 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Canadian Pacific Kansas City by 655.6% in the third quarter. Smartleaf Asset Management LLC now owns 3,506 shares of the transportation company’s stock valued at $257,000 after purchasing an additional 3,042 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in shares of Canadian Pacific Kansas City by 2.5% during the 3rd quarter. HighPoint Advisor Group LLC now owns 13,652 shares of the transportation company’s stock worth $1,017,000 after purchasing an additional 328 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday. Citigroup cut their price target on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, January 30th. Barclays set a $93.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, January 29th. Natl Bk Canada lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $81.15 on Tuesday. The business’s 50-day moving average price is $73.95 and its 200 day moving average price is $74.16. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The company has a market capitalization of $72.84 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 EPS. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be given a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is 20.43%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.