Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,386 shares of the transportation company’s stock after selling 546 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth about $914,090,000. Causeway Capital Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 76.5% during the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company’s stock worth $1,116,632,000 after buying an additional 6,687,770 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Canadian Pacific Kansas City by 281.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock valued at $252,912,000 after buying an additional 2,532,519 shares during the period. Invesco Ltd. lifted its holdings in Canadian Pacific Kansas City by 25.7% in the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company’s stock valued at $770,526,000 after acquiring an additional 2,177,604 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Canadian Pacific Kansas City by 11.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company’s stock worth $899,805,000 after acquiring an additional 1,262,913 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.4%

Shares of CP stock opened at $81.94 on Wednesday. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The company has a 50 day moving average price of $73.67 and a 200 day moving average price of $75.20. The stock has a market capitalization of $76.24 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the company posted $0.93 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a $0.1644 dividend. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 21.28%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CP. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Evercore ISI decreased their target price on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Susquehanna increased their target price on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a “positive” rating in a research note on Thursday, May 1st. Bank of America lifted their price target on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Finally, Stifel Nicolaus decreased their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $90.63.

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.