Canadian Pacific Kansas City Limited (NYSE:CP) Position Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,978 shares of the transportation company’s stock after purchasing an additional 561 shares during the period. Sequoia Financial Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $1,025,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management grew its position in Canadian Pacific Kansas City by 55.0% in the first quarter. Brookstone Capital Management now owns 14,959 shares of the transportation company’s stock worth $1,319,000 after acquiring an additional 5,308 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Canadian Pacific Kansas City by 42.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 80,748 shares of the transportation company’s stock worth $7,120,000 after buying an additional 24,063 shares during the last quarter. Independence Bank of Kentucky increased its position in Canadian Pacific Kansas City by 70.9% during the first quarter. Independence Bank of Kentucky now owns 940 shares of the transportation company’s stock worth $83,000 after buying an additional 390 shares during the last quarter. Blue Zone Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City during the first quarter valued at about $4,160,000. Finally, Chapin Davis Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter worth about $449,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 1.8 %

NYSE CP opened at $77.10 on Friday. The stock’s 50 day simple moving average is $82.90 and its 200 day simple moving average is $81.48. Canadian Pacific Kansas City Limited has a one year low of $69.07 and a one year high of $91.58. The firm has a market cap of $71.94 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the business posted $0.69 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.31%.

Analyst Ratings Changes

CP has been the topic of several recent analyst reports. Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their target price for the stock from $94.00 to $92.00 in a research report on Thursday. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday. Finally, Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $97.78.

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.