Canadian Pacific Kansas City Sees Unusually High Options Volume (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 7,110 put options on the stock. This represents an increase of approximately 523% compared to the average volume of 1,142 put options.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Barclays raised their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Jefferies Financial Group started coverage on shares of Canadian Pacific Kansas City in a research note on Monday, April 8th. They issued a “buy” rating and a $105.00 price objective for the company. Evercore decreased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Finally, Raymond James raised their price objective on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Twelve 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 company has an average rating of “Moderate Buy” and an average price target of $95.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Delta Investment Management LLC raised its stake in shares of Canadian Pacific Kansas City by 3.2% during the first quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock worth $363,000 after buying an additional 126 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Canadian Pacific Kansas City by 12.1% in the first quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock valued at $108,000 after buying an additional 133 shares during the period. Commerce Bank boosted its holdings in shares of Canadian Pacific Kansas City by 0.3% in the fourth quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock valued at $4,393,000 after buying an additional 144 shares during the period. Accretive Wealth Partners LLC boosted its holdings in Canadian Pacific Kansas City by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock worth $753,000 after purchasing an additional 145 shares during the last quarter. Finally, PDS Planning Inc boosted its holdings in Canadian Pacific Kansas City by 4.3% during the first quarter. PDS Planning Inc now owns 3,946 shares of the transportation company’s stock worth $348,000 after purchasing an additional 161 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

CP traded up $1.56 during trading on Wednesday, hitting $80.02. The stock had a trading volume of 373,334 shares, compared to its average volume of 2,186,523. The firm has a market cap of $74.65 billion, a PE ratio of 25.15, a P/E/G ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. The company has a 50 day simple moving average of $79.29 and a 200-day simple moving average of $82.31.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. Analysts expect that Canadian Pacific Kansas City will post 3.15 EPS for the current 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. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City’s payout ratio is 17.95%.

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.