IFP Advisors Inc Trims Position in Canadian Pacific Kansas City Limited (NYSE:CP)

IFP Advisors Inc lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,231 shares of the transportation company’s stock after selling 668 shares during the quarter. IFP Advisors Inc’s holdings in Canadian Pacific Kansas City were worth $596,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $33,000. Addison Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares in the last quarter. FSA Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the third quarter worth about $34,000. Stonebridge Financial Group LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $34,000. Finally, YANKCOM Partnership purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $77.85 on Friday. The firm has a market cap of $72.69 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The business has a 50 day moving average price of $76.46 and a 200-day moving average price of $78.56.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company cut their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Stifel Nicolaus cut their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Citigroup upped their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada upped their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $95.45.

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.