Sound Stewardship LLC Sells 488 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Sound Stewardship LLC lowered its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,778 shares of the transportation company’s stock after selling 488 shares during the quarter. Sound Stewardship LLC’s holdings in Canadian Pacific Kansas City were worth $546,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Private Wealth Services LLC lifted its position in Canadian Pacific Kansas City by 4.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 19,502 shares of the transportation company’s stock valued at $1,411,000 after purchasing an additional 745 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $34,000. Sovran Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $244,000. Ingalls & Snyder LLC raised its stake in Canadian Pacific Kansas City by 32.9% during the fourth quarter. Ingalls & Snyder LLC now owns 33,101 shares of the transportation company’s stock worth $2,396,000 after purchasing an additional 8,203 shares during the period. Finally, Phraction Management LLC raised its position in Canadian Pacific Kansas City by 53.6% in the fourth quarter. Phraction Management LLC now owns 13,306 shares of the transportation company’s stock valued at $963,000 after purchasing an additional 4,641 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the topic of a number of research reports. Bank of America upped their price target on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Susquehanna boosted their price objective on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a “positive” rating in a research report on Thursday, May 1st. Barclays dropped their target price on Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Jefferies Financial Group decreased their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.66.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $81.11 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm has a market cap of $75.47 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. The firm’s fifty day moving average price is $76.72 and its 200 day moving average price is $75.77. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s payout ratio is currently 22.30%.

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.