Canadian Pacific Kansas City Limited $CP Shares Sold by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,383 shares of the transportation company’s stock after selling 366 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Merit Financial Group LLC raised its position in shares of Canadian Pacific Kansas City by 103.3% in the 1st quarter. Merit Financial Group LLC now owns 8,104 shares of the transportation company’s stock valued at $569,000 after purchasing an additional 4,118 shares during the last quarter. Cardinal Capital Management Inc. raised its holdings in shares of Canadian Pacific Kansas City by 6.7% in the first quarter. Cardinal Capital Management Inc. now owns 1,331,108 shares of the transportation company’s stock worth $93,455,000 after buying an additional 83,705 shares during the last quarter. Oak Family Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 1,615.4% in the first quarter. Oak Family Advisors LLC now owns 62,116 shares of the transportation company’s stock worth $4,361,000 after buying an additional 58,495 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Canadian Pacific Kansas City by 1.0% during the first quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company’s stock valued at $2,012,000 after buying an additional 290 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at $61,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Down 0.3%

CP stock opened at $77.39 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average of $75.19 and a two-hundred day moving average of $76.42. The company has a market cap of $70.18 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.18 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data 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 company 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 business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.05 EPS. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.1651 per share. This represents a $0.66 annualized dividend and a yield of 0.9%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City’s payout ratio is 20.56%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays set a $90.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday. Stephens boosted their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.80.

About Canadian Pacific Kansas City

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.