Whipplewood Advisors LLC Sells 1,427 Shares of Canadian Pacific Kansas City Limited $CP

Whipplewood Advisors LLC decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 64.3% in the second quarter, Holdings Channel reports. The firm owned 791 shares of the transportation company’s stock after selling 1,427 shares during the quarter. Whipplewood Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $63,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. North Capital Inc. bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $27,000. Cornerstone Planning Group LLC increased its holdings in shares of Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after purchasing an additional 256 shares in the last quarter. Cheviot Value Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $30,000. Hexagon Capital Partners LLC increased its holdings in shares of Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after purchasing an additional 164 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $35,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on CP shares. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, October 8th. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Susquehanna cut their price objective on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating for the company in a report on Thursday, September 25th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.38.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $74.42 on Tuesday. The company has a market capitalization of $67.49 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. The business’s fifty day moving average is $75.59 and its 200 day moving average is $76.96. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter last year, the firm posted $1.05 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

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

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.