Pinnacle Wealth Planning Services Inc. Sells 1,043 Shares of Canadian Pacific Kansas City Limited $CP

Pinnacle Wealth Planning Services Inc. lessened its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,022 shares of the transportation company’s stock after selling 1,043 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Canadian Pacific Kansas City were worth $794,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Edgestream Partners L.P. bought a new stake in shares of Canadian Pacific Kansas City in the first quarter worth about $299,000. Kestra Private Wealth Services LLC lifted its holdings in Canadian Pacific Kansas City by 6.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 20,723 shares of the transportation company’s stock worth $1,455,000 after buying an additional 1,221 shares during the period. IFP Advisors Inc grew its position in shares of Canadian Pacific Kansas City by 14.8% in the 1st quarter. IFP Advisors Inc now owns 9,452 shares of the transportation company’s stock worth $664,000 after buying an additional 1,221 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Canadian Pacific Kansas City by 6.3% during the first quarter. Lindbrook Capital LLC now owns 2,708 shares of the transportation company’s stock valued at $190,000 after buying an additional 161 shares during the period. Finally, HighPoint Advisor Group LLC raised its holdings in shares of Canadian Pacific Kansas City by 2.1% during the first quarter. HighPoint Advisor Group LLC now owns 12,936 shares of the transportation company’s stock valued at $932,000 after acquiring an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $70.38 on Tuesday. The stock has a market cap of $63.15 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $83.65. The firm’s 50-day simple moving average is $74.30 and its two-hundred day simple moving average is $76.82.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same quarter in the previous year, the business posted $0.99 earnings per share. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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, January 26th. Shareholders of record on Wednesday, December 31st will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 1.3%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.12%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Stephens lifted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Evercore ISI reduced their price target on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Finally, Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.69.

Canadian Pacific Kansas City 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.