Legacy Financial Advisors Inc. Sells 1,450 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Legacy Financial Advisors Inc. lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 33.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,861 shares of the transportation company’s stock after selling 1,450 shares during the period. Legacy Financial Advisors Inc.’s holdings in Canadian Pacific Kansas City were worth $207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CP. Kestra Investment Management LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $33,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth $34,000. YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth $36,000. Millstone Evans Group LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $36,000. Finally, Curio Wealth LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CP shares. Stephens lifted their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Stifel Nicolaus lowered their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Jefferies Financial Group cut their price target on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays lowered their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company reduced their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.55.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $73.63 on Friday. The company’s fifty day moving average price is $74.62 and its 200-day moving average price is $76.25. The stock has a market cap of $68.74 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $88.31.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate 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, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 17.93%.

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.