Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,316 shares of the transportation company’s stock after selling 3,658 shares during the quarter. Cetera Investment Advisers’ holdings in Canadian Pacific Kansas City were worth $3,931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $33,000. Stonebridge Financial Group LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $34,000. YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Millstone Evans Group LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Finally, Curio Wealth LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth $39,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 0.6%

CP stock opened at $81.75 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $73.16 and its 200 day moving average price is $75.13. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The company has a market cap of $76.06 billion, a P/E ratio of 28.19, a P/E/G ratio of 2.00 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The company had revenue of $2.66 billion during 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 company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a yield of 0.80%. Canadian Pacific Kansas City’s payout ratio is currently 21.28%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays decreased their target price on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Stephens boosted their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Jefferies Financial Group cut their price target 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. Royal Bank of Canada lowered their price objective on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Finally, Evercore ISI dropped their price objective on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $90.71.

About Canadian Pacific Kansas City

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.