Signaturefd LLC Sells 1,092 Shares of Canadian Pacific Kansas City Limited $CP

Signaturefd LLC lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,028 shares of the transportation company’s stock after selling 1,092 shares during the quarter. Signaturefd LLC’s holdings in Canadian Pacific Kansas City were worth $1,588,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Capital Insight Partners LLC lifted its holdings in shares of Canadian Pacific Kansas City by 0.4% in the first quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company’s stock worth $2,858,000 after buying an additional 143 shares in the last quarter. Davidson Trust Co. increased its holdings in Canadian Pacific Kansas City by 3.2% during the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company’s stock worth $327,000 after acquiring an additional 144 shares during the period. Redmond Asset Management LLC increased its holdings in Canadian Pacific Kansas City by 0.5% during the 1st quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company’s stock worth $2,220,000 after acquiring an additional 148 shares during the period. Tradewinds LLC. increased its holdings in Canadian Pacific Kansas City by 3.8% during the 1st quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company’s stock worth $304,000 after acquiring an additional 157 shares during the period. Finally, Financial Partners Group Inc grew its position in shares of Canadian Pacific Kansas City by 0.3% during the 1st quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company’s stock valued at $3,464,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 1.0%

Shares of CP opened at $73.47 on Monday. The firm has a market cap of $66.63 billion, a price-to-earnings ratio of 22.89, a PEG 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 $86.56. The firm has a 50 day moving average price of $75.36 and a 200-day moving average price of $76.36.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.Canadian Pacific Kansas City’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. As a group, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be issued a dividend of $0.1651 per share. The ex-dividend date is Friday, September 26th. This represents a $0.66 annualized dividend and a yield of 0.9%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.56%.

Analyst Upgrades and Downgrades

CP has been the subject of a number of recent analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $91.00 price target on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Susquehanna lowered their price target on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a report on Thursday. Barclays raised their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Finally, Stephens upped their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.88.

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.