Ballentine Partners LLC Sells 821 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Ballentine Partners LLC cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 15.7% during the first quarter, Holdings Channel reports. The fund owned 4,419 shares of the transportation company’s stock after selling 821 shares during the period. Ballentine Partners LLC’s holdings in Canadian Pacific Kansas City were worth $310,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Capital Insight Partners LLC boosted its position in Canadian Pacific Kansas City by 0.4% in the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company’s stock valued at $2,858,000 after buying an additional 143 shares during the last quarter. Davidson Trust Co. boosted its position in Canadian Pacific Kansas City by 3.2% in the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company’s stock valued at $327,000 after buying an additional 144 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of Canadian Pacific Kansas City by 2.2% in the 4th quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company’s stock valued at $521,000 after purchasing an additional 152 shares during the period. Transatlantique Private Wealth LLC lifted its stake in shares of Canadian Pacific Kansas City by 1.6% in the 4th quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company’s stock valued at $728,000 after purchasing an additional 157 shares during the period. Finally, Tradewinds LLC. lifted its stake in shares of Canadian Pacific Kansas City by 3.8% in the 1st quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company’s stock valued at $304,000 after purchasing an additional 157 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CP shares. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Barclays raised their price objective on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Bank of America raised their price objective 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. Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Finally, Jefferies Financial Group dropped their price objective on Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $91.95.

Canadian Pacific Kansas City Trading Down 0.0%

Canadian Pacific Kansas City stock opened at $81.13 on Wednesday. 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 debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81. The stock has a market capitalization of $74.75 billion, a P/E ratio of 27.41, a PEG ratio of 2.27 and a beta of 1.07. The stock has a 50-day simple moving average of $80.27 and a 200 day simple moving average of $76.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. Canadian Pacific Kansas City’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $0.93 earnings per share. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

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

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.