Canadian Pacific Kansas City Limited $CP Holdings Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.6% in the second quarter, Holdings Channel.com reports. The fund owned 13,757 shares of the transportation company’s stock after buying an additional 848 shares during the period. Sequoia Financial Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $1,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Capital Insight Partners LLC increased its holdings in shares of Canadian Pacific Kansas City by 0.4% in the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company’s stock valued at $2,858,000 after acquiring an additional 143 shares during the last quarter. Davidson Trust Co. increased its holdings in shares of Canadian Pacific Kansas City by 3.2% in the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company’s stock valued at $327,000 after acquiring an additional 144 shares during the last quarter. Redmond Asset Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 0.5% in the 1st quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company’s stock valued at $2,220,000 after acquiring an additional 148 shares during the last quarter. Tradewinds LLC. increased its holdings in shares of Canadian Pacific Kansas City by 3.8% in the 1st quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company’s stock valued at $304,000 after acquiring an additional 157 shares during the last quarter. Finally, Financial Partners Group Inc increased its holdings in shares of Canadian Pacific Kansas City by 0.3% in the 1st quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company’s stock valued at $3,464,000 after acquiring an additional 158 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Up 1.5%

Shares of CP stock opened at $76.61 on Friday. 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 1 year low of $66.49 and a 1 year high of $83.65. The stock has a fifty day moving average of $75.44 and a two-hundred day moving average of $76.65. The firm has a market capitalization of $69.47 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.

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

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. This is a boost 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 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is presently 20.56%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CP. Susquehanna lowered their price objective on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating for the company in a research note on Thursday, September 25th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Citigroup lowered their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $91.38.

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.