First Trust Direct Indexing L.P. Acquires 1,691 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

First Trust Direct Indexing L.P. boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 19.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,179 shares of the transportation company’s stock after buying an additional 1,691 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Canadian Pacific Kansas City were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. GAMMA Investing LLC increased its position in 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 worth $108,000 after buying an additional 133 shares during the last quarter. Commerce Bank grew its position 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 purchasing an additional 144 shares in the last quarter. Accretive Wealth Partners LLC grew its position in shares of Canadian Pacific Kansas City by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after purchasing an additional 145 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in shares of Canadian Pacific Kansas City by 1.5% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 12,319 shares of the transportation company’s stock valued at $974,000 after purchasing an additional 182 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its position in shares of Canadian Pacific Kansas City by 6.2% in the fourth quarter. SeaCrest Wealth Management LLC now owns 3,326 shares of the transportation company’s stock valued at $262,000 after purchasing an additional 195 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 0.6 %

Shares of CP stock opened at $80.23 on Friday. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $79.30 and a two-hundred day moving average price of $82.25. The firm has a market cap of $74.85 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 2.29 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.15 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.63%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Evercore reduced their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a “buy” rating and a $105.00 price target for the company. Raymond James lifted their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Wells Fargo & Company began coverage on Canadian Pacific Kansas City in a research report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target for the company. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Hold” and a consensus target price of $96.32.

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.