Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 33,891 shares of the transportation company’s stock after selling 3,058 shares during the period. GHP Investment Advisors Inc.’s holdings in Canadian Pacific Kansas City were worth $2,668,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JARISLOWSKY FRASER Ltd boosted its stake in Canadian Pacific Kansas City by 63.6% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock worth $7,127,000 after purchasing an additional 34,856 shares during the last quarter. Meritage Group LP acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth about $207,850,000. The Manufacturers Life Insurance Company grew its stake in Canadian Pacific Kansas City by 4.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,969,862 shares of the transportation company’s stock valued at $948,585,000 after acquiring an additional 507,177 shares in the last quarter. Choate Investment Advisors raised its holdings in Canadian Pacific Kansas City by 24.2% in the 1st quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock valued at $6,349,000 after acquiring an additional 14,037 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Canadian Pacific Kansas City by 1.9% in the 4th quarter. Sei Investments Co. now owns 667,246 shares of the transportation company’s stock worth $52,752,000 after purchasing an additional 12,323 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CP has been the subject of several analyst reports. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Sanford C. Bernstein upped their price objective on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a report on Monday, July 8th. Stifel Nicolaus lifted their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Wells Fargo & Company began coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target for the company. Finally, Jefferies Financial Group cut their price target on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of $96.36.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $86.32 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $81.63 and a 200-day simple moving average of $82.52. The company has a market cap of $80.56 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 2.45 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a dividend of $0.1373 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

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.