Waterfront Wealth Inc. Decreases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Waterfront Wealth Inc. reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,499 shares of the transportation company’s stock after selling 949 shares during the period. Waterfront Wealth Inc.’s holdings in Canadian Pacific Kansas City were worth $1,771,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Yousif Capital Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 6.8% during the fourth quarter. Yousif Capital Management LLC now owns 16,699 shares of the transportation company’s stock valued at $1,320,000 after acquiring an additional 1,065 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 7.0% during the fourth quarter. Fisher Asset Management LLC now owns 379,367 shares of the transportation company’s stock worth $29,993,000 after buying an additional 24,829 shares during the period. Natixis Advisors L.P. grew its holdings in shares of Canadian Pacific Kansas City by 1.7% during the fourth quarter. Natixis Advisors L.P. now owns 690,098 shares of the transportation company’s stock valued at $54,559,000 after buying an additional 11,247 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Canadian Pacific Kansas City by 62.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 4,056 shares of the transportation company’s stock valued at $321,000 after acquiring an additional 1,563 shares during the period. Finally, Accretive Wealth Partners LLC raised its stake in Canadian Pacific Kansas City by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock worth $753,000 after acquiring an additional 145 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.8 %

CP stock traded up $0.63 during mid-day trading on Friday, reaching $82.94. The company had a trading volume of 1,561,756 shares, compared to its average volume of 1,629,845. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a market capitalization of $77.39 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The firm has a fifty day simple moving average of $80.62 and a 200 day simple moving average of $82.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the business earned $0.62 EPS. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.09 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a $0.1373 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.66%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company initiated coverage on Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an “overweight” rating and a $90.00 price objective for the company. Jefferies Financial Group reduced their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Susquehanna reaffirmed a “neutral” rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 31st. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Finally, Sanford C. Bernstein lifted their price target on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research report on Monday, July 8th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.56.

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.