Sei Investments Co. Cuts Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Sei Investments Co. reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 750,361 shares of the transportation company’s stock after selling 34,990 shares during the period. Sei Investments Co. owned 0.08% of Canadian Pacific Kansas City worth $53,999,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. North Capital Inc. acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its position in shares of Canadian Pacific Kansas City by 209.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock valued at $28,000 after buying an additional 256 shares during the period. Cheviot Value Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at approximately $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $31,000. Finally, Hexagon Capital Partners LLC raised its position in shares of 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 valued at $35,000 after buying an additional 164 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 1.0%

NYSE:CP opened at $75.72 on Thursday. 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 fifty day moving average price of $78.77 and a 200 day moving average price of $76.83. The firm has a market cap of $69.18 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45.

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 for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts anticipate 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 business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be given a $0.1651 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is 20.25%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Susquehanna reaffirmed a “positive” rating and set a $94.00 price target (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Citigroup lifted their target price on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.30.

Canadian Pacific Kansas City Company 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.