Blair William & Co. IL Sells 2,043 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Blair William & Co. IL trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 92,384 shares of the transportation company’s stock after selling 2,043 shares during the period. Blair William & Co. IL’s holdings in Canadian Pacific Kansas City were worth $8,146,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Delta Investment Management LLC grew its position in Canadian Pacific Kansas City by 3.2% in the 1st quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock worth $363,000 after purchasing an additional 126 shares in the last quarter. GAMMA Investing LLC grew its position in Canadian Pacific Kansas City by 12.1% in the 1st quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock worth $108,000 after purchasing an additional 133 shares in the last quarter. Commerce Bank grew its position in Canadian Pacific Kansas City by 0.3% in the 4th quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock worth $4,393,000 after purchasing an additional 144 shares in the last quarter. Accretive Wealth Partners LLC boosted its stake in Canadian Pacific Kansas City by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after acquiring an additional 145 shares during the last quarter. Finally, PDS Planning Inc boosted its stake in Canadian Pacific Kansas City by 4.3% in the first quarter. PDS Planning Inc now owns 3,946 shares of the transportation company’s stock valued at $348,000 after acquiring an additional 161 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE:CP traded up $0.28 during trading hours on Friday, hitting $83.56. The stock had a trading volume of 1,418,809 shares, compared to its average volume of 2,180,617. The company has a 50 day simple moving average of $79.67 and a two-hundred day simple moving average of $82.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The firm has a market capitalization of $77.97 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 2.33 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.16 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CP. Bank of America dropped their target price on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Stifel Nicolaus boosted their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Raymond James boosted their target price on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $95.70.

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.