Waycross Investment Management Co Sells 185 Shares of Canadian Pacific Kansas City Limited $CP

Waycross Investment Management Co reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,190 shares of the transportation company’s stock after selling 185 shares during the period. Waycross Investment Management Co’s holdings in Canadian Pacific Kansas City were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. North Capital Inc. acquired a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $27,000. Cornerstone Planning Group LLC lifted its holdings in shares of Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after purchasing an additional 256 shares during the period. Cheviot Value Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the first quarter worth $30,000. Hexagon Capital Partners LLC increased its holdings in Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 164 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City during the 1st quarter worth $35,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $77.39 on Tuesday. The firm has a 50 day moving average of $75.19 and a 200-day moving average of $76.42. The company has a market cap of $70.18 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth 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 Limited has a 52 week low of $66.49 and a 52 week high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. This is a boost 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 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is currently 20.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Susquehanna reduced their target price on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a report on Thursday, September 25th. Stephens raised their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Finally, Barclays set a $90.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $91.80.

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.