Inspire Investing LLC Has $914,000 Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Inspire Investing LLC lessened its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.5% in the 2nd quarter, Holdings Channel reports. The firm owned 11,610 shares of the transportation company’s stock after selling 1,224 shares during the period. Inspire Investing LLC’s holdings in Canadian Pacific Kansas City were worth $914,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Delta Investment Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 3.2% during the 1st quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock valued at $363,000 after purchasing an additional 126 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in Canadian Pacific Kansas City by 3.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock valued at $355,000 after buying an additional 131 shares in 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 increased its position in shares of Canadian Pacific Kansas City by 0.3% during the fourth quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock worth $4,393,000 after acquiring an additional 144 shares in the last quarter. Finally, Accretive Wealth Partners LLC raised its holdings in shares of 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 acquiring an additional 145 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CP has been the subject of a number of research analyst reports. Susquehanna reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Sanford C. Bernstein upped their price objective on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Wells Fargo & Company assumed coverage on Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an “overweight” rating and a $90.00 target price on the stock. Barclays decreased their price target on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, Jefferies Financial Group cut their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $96.36.

Canadian Pacific Kansas City Stock Performance

CP opened at $85.89 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The stock has a market cap of $80.14 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.45 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The business has a 50 day moving average of $82.16 and a 200-day moving average of $82.55.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 earnings per share. On average, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.1 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a $0.1373 dividend. 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 dividend payout ratio (DPR) is currently 17.31%.

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.