Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 36.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,858 shares of the transportation company’s stock after selling 3,291 shares during the period. Atria Wealth Solutions Inc.’s holdings in Canadian Pacific Kansas City were worth $464,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its holdings in shares of Canadian Pacific Kansas City by 0.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock worth $3,802,000 after purchasing an additional 148 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Canadian Pacific Kansas City by 7.7% during the third quarter. Stratos Wealth Partners LTD. now owns 11,009 shares of the transportation company’s stock worth $819,000 after buying an additional 785 shares during the period. Bank of New York Mellon Corp increased its position in shares of Canadian Pacific Kansas City by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 1,290,339 shares of the transportation company’s stock valued at $96,014,000 after acquiring an additional 38,061 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Canadian Pacific Kansas City by 1.5% in the 3rd quarter. Brown Advisory Inc. now owns 15,257 shares of the transportation company’s stock valued at $1,135,000 after acquiring an additional 229 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in shares of Canadian Pacific Kansas City by 26.5% in the 3rd quarter. Lindbrook Capital LLC now owns 1,967 shares of the transportation company’s stock worth $146,000 after acquiring an additional 412 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of research analyst reports. Susquehanna cut their target price on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. TD Securities cut shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Barclays lifted their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $81.51 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The firm’s 50 day moving average is $86.29 and its two-hundred day moving average is $80.22. The firm has a market capitalization of $76.02 billion, a P/E ratio of 26.13, a P/E/G ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.15 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.63%.

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.