Sound Stewardship LLC Sells 488 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Sound Stewardship LLC lowered its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,778 shares of the transportation company’s stock after selling 488 shares during the period. Sound Stewardship LLC’s holdings in Canadian Pacific Kansas City were worth $546,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $2,602,000. Phraction Management LLC raised its position in Canadian Pacific Kansas City by 53.6% during the fourth quarter. Phraction Management LLC now owns 13,306 shares of the transportation company’s stock valued at $963,000 after purchasing an additional 4,641 shares in the last quarter. Gallo Partners LP bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $4,373,000. LPL Financial LLC grew its position in Canadian Pacific Kansas City by 34.4% during the fourth quarter. LPL Financial LLC now owns 258,075 shares of the transportation company’s stock valued at $18,677,000 after acquiring an additional 66,125 shares during the last quarter. Finally, Sovran Advisors LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at $244,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $81.11 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock’s 50-day simple moving average is $76.72 and its 200-day simple moving average is $75.77. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The company has a market capitalization of $75.47 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 2.00 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.74. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Canadian Pacific Kansas City’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. As a group, analysts expect 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 declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a $0.1644 dividend. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 22.30%.

Analyst Ratings Changes

A number of brokerages have commented on CP. Barclays decreased their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Stifel Nicolaus lowered their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Finally, Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.66.

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.