Tidal Investments LLC trimmed its stake in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 10.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,924 shares of the transportation company’s stock after selling 9,702 shares during the period. Tidal Investments LLC’s holdings in Canadian Pacific Kansas City were worth $7,445,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Fiduciary Financial Advisors bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at approximately $25,000. Prosperity Bancshares Inc purchased a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $26,000. Gilpin Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $29,000. McMillan Office Inc. bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth $31,000. Finally, Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter worth $35,000. 72.20% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on CP shares. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Argus set a $105.00 target price on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. Citizens Jmp started coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a report on Thursday, July 30th. Finally, Wells Fargo & Company increased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $108.60.
Canadian Pacific Kansas City Stock Performance
Shares of Canadian Pacific Kansas City stock opened at $89.31 on Friday. The stock’s fifty day moving average is $91.71 and its two-hundred day moving average is $87.20. The company has a market capitalization of $78.45 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 1.86 and a beta of 1.12. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $96.90.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last released its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current year.
Canadian Pacific Kansas City Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 25.08%.
About Canadian Pacific Kansas City
Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates the Canadian Pacific Kansas City (CPKC) railway. Headquartered in Calgary, Alberta, the company provides rail transportation and logistics services for freight customers across Canada, the United States and Mexico.
CPKC transports a broad range of commodities and products, including grain and fertilizers, coal, energy and chemicals, forest products, metals and minerals, automotive goods, industrial and consumer products, and intermodal freight.
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