Canadian Pacific Kansas City Limited $CP Stock Holdings Trimmed by Ritholtz Wealth Management

Ritholtz Wealth Management lowered its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 23.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,806 shares of the transportation company’s stock after selling 2,037 shares during the period. Ritholtz Wealth Management’s holdings in Canadian Pacific Kansas City were worth $540,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. North Capital Inc. bought a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $27,000. Cornerstone Planning Group LLC raised its stake in 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 acquiring an additional 256 shares in the last quarter. Cheviot Value Management LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $30,000. Hexagon Capital Partners LLC raised its stake in 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 acquiring an additional 164 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $35,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CP shares. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Susquehanna decreased their price target 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. Barclays set a $90.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Finally, Citigroup decreased their price target 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. One research 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.38.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $76.61 on Monday. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The stock has a fifty day moving average of $75.44 and a 200-day moving average of $76.72. The company has a market capitalization of $69.47 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.16 and a beta of 1.08. 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 (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 EPS 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 company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the company posted $1.05 EPS. Canadian Pacific Kansas City’s revenue was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders 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 dividend yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is currently 20.56%.

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.