Clarius Group LLC Has $309,000 Holdings in Canadian Pacific Kansas City Limited $CP

Clarius Group LLC cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 19.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,894 shares of the transportation company’s stock after selling 913 shares during the period. Clarius Group LLC’s holdings in Canadian Pacific Kansas City were worth $309,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CP. North Capital Inc. bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth about $27,000. Cornerstone Planning Group LLC boosted its position in Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after purchasing an additional 256 shares during the period. Cheviot Value Management LLC acquired a new position in Canadian Pacific Kansas City during the first quarter valued at approximately $30,000. Hexagon Capital Partners LLC raised its position in shares of Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 164 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth $35,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CP has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Stephens lifted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Saturday, September 27th. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Finally, Susquehanna cut their price target on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating for the company in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.80.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $77.39 on Tuesday. The firm has a market capitalization of $70.18 billion, a PE ratio of 24.11, a PEG ratio of 2.18 and a beta of 1.08. 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 Limited has a 1-year low of $66.49 and a 1-year high of $83.65. The business’s 50 day moving average is $75.19 and its 200-day moving average is $76.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results 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). The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be paid a $0.1651 dividend. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. 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%.

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.