Accredited Wealth Management LLC Sells 6,478 Shares of Canadian Pacific Kansas City Limited $CP

Accredited Wealth Management LLC lowered its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 93.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 443 shares of the transportation company’s stock after selling 6,478 shares during the quarter. Accredited Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $33,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Mesirow Financial Investment Management Inc. grew its stake in shares of Canadian Pacific Kansas City by 6.6% in the third quarter. Mesirow Financial Investment Management Inc. now owns 13,740 shares of the transportation company’s stock worth $1,024,000 after acquiring an additional 850 shares during the last quarter. Advisor OS LLC bought a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at $376,000. Thornburg Investment Management Inc. grew its position in Canadian Pacific Kansas City by 12.2% in the 3rd quarter. Thornburg Investment Management Inc. now owns 2,295,096 shares of the transportation company’s stock worth $170,962,000 after purchasing an additional 250,341 shares during the last quarter. K.J. Harrison & Partners Inc grew its position in Canadian Pacific Kansas City by 97.7% in the 3rd quarter. K.J. Harrison & Partners Inc now owns 93,990 shares of the transportation company’s stock worth $7,129,000 after purchasing an additional 46,460 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 12.7% during the 3rd quarter. Intech Investment Management LLC now owns 23,894 shares of the transportation company’s stock worth $1,780,000 after purchasing an additional 2,700 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CP has been the subject of several research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Barclays set a $93.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, January 29th. Evercore lowered their price objective on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Stock Up 0.4%

Shares of NYSE CP opened at $87.48 on Friday. The stock has a market cap of $78.53 billion, a PE ratio of 27.08, a PEG ratio of 1.87 and a beta of 1.10. The business has a fifty day moving average of $76.98 and a two-hundred day moving average of $75.11. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $88.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the company posted $1.29 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued 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 dividend yield of 1.0%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.43%.

Canadian Pacific Kansas City 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.