Checchi Capital Advisers LLC Decreases Holdings in Canadian Pacific Kansas City Limited $CP

Checchi Capital Advisers LLC reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,905 shares of the transportation company’s stock after selling 258 shares during the period. Checchi Capital Advisers LLC’s holdings in Canadian Pacific Kansas City were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Tilia Fiduciary Partners Inc. boosted its position in Canadian Pacific Kansas City by 3.3% in the second quarter. Tilia Fiduciary Partners Inc. now owns 32,291 shares of the transportation company’s stock worth $2,560,000 after purchasing an additional 1,040 shares during the last quarter. Successful Portfolios LLC bought a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $223,000. Ameritas Advisory Services LLC bought a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $186,000. Vanderbilt University boosted its stake in shares of Canadian Pacific Kansas City by 10.3% during the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock worth $5,982,000 after acquiring an additional 7,050 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Canadian Pacific Kansas City during the second quarter valued at approximately $4,869,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.3%

Shares of CP stock opened at $77.39 on Tuesday. The company’s fifty day simple moving average is $75.19 and its two-hundred day simple moving average is $76.42. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $83.65. The stock has a market cap of $70.18 billion, a P/E ratio of 24.11, a PEG ratio of 2.18 and a beta of 1.08. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. 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. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is currently 20.56%.

Analyst Ratings Changes

CP has been the subject of a number of analyst reports. Stephens increased their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Saturday, September 27th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently 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.