Delta Investment Management LLC Has $310,000 Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Delta Investment Management LLC decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,936 shares of the transportation company’s stock after selling 181 shares during the period. Delta Investment Management LLC’s holdings in Canadian Pacific Kansas City were worth $310,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. LRI Investments LLC bought a new stake in Canadian Pacific Kansas City during the first quarter worth $32,000. Chris Bulman Inc bought a new stake in Canadian Pacific Kansas City during the second quarter worth $35,000. ORG Partners LLC bought a new stake in Canadian Pacific Kansas City during the second quarter worth $39,000. Tobam bought a new stake in Canadian Pacific Kansas City during the first quarter worth $51,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Canadian Pacific Kansas City during the second quarter worth $61,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CP shares. Wells Fargo & Company started coverage on shares of Canadian Pacific Kansas City in a research report on Friday, June 7th. They set an “overweight” rating and a $90.00 price target on the stock. 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. Stifel Nicolaus upped their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Barclays increased their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $96.59.

Canadian Pacific Kansas City Trading Up 0.7 %

CP stock opened at $85.68 on Friday. 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 company’s 50-day simple moving average is $82.27 and its 200 day simple moving average is $82.45. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The company has a market capitalization of $79.96 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the prior year, the company posted $0.62 earnings per share. Canadian Pacific Kansas City’s revenue was up 13.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.1 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.1373 per share. The ex-dividend date is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a yield of 0.64%. Canadian Pacific Kansas City’s payout ratio is 17.95%.

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.