SRS Capital Advisors Inc. Sells 560 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

SRS Capital Advisors Inc. decreased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,620 shares of the transportation company’s stock after selling 560 shares during the period. SRS Capital Advisors Inc.’s holdings in Canadian Pacific Kansas City were worth $190,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. S&CO Inc. raised its position in Canadian Pacific Kansas City by 183.3% in the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock worth $1,454,000 after acquiring an additional 11,000 shares during the period. Swiss National Bank raised its position in Canadian Pacific Kansas City by 0.8% in the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock worth $241,645,000 after acquiring an additional 23,000 shares during the period. Oak Family Advisors LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $262,000. Barclays PLC raised its position in shares of Canadian Pacific Kansas City by 2.8% in the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after purchasing an additional 81,111 shares during the period. Finally, Toronto Dominion Bank raised its position in shares of Canadian Pacific Kansas City by 20.4% in the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock valued at $178,189,000 after purchasing an additional 352,534 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

CP stock opened at $74.38 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. The stock has a market cap of $69.44 billion, a PE ratio of 25.65, a P/E/G ratio of 2.00 and a beta of 0.97. The firm has a 50 day simple moving average of $76.53 and a two-hundred day simple moving average of $78.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CP shares. Barclays lowered their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Citigroup boosted their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Stephens boosted their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Susquehanna lowered their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City 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.