Canadian Pacific Kansas City Limited (NYSE:CP) Stake Trimmed by MGB Wealth Management LLC

MGB Wealth Management LLC lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 18.8% during the third quarter, HoldingsChannel reports. The firm owned 11,731 shares of the transportation company’s stock after selling 2,722 shares during the period. MGB Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $1,003,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Grove Bank & Trust increased its stake in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares in the last quarter. Addison Advisors LLC increased its stake in Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares in the last quarter. LRI Investments LLC purchased a new position in Canadian Pacific Kansas City in the 1st quarter worth about $32,000. Chris Bulman Inc purchased a new position in Canadian Pacific Kansas City in the 2nd quarter worth about $35,000. Finally, Asset Dedication LLC purchased a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 2.0 %

CP opened at $76.69 on Friday. The business has a 50 day moving average price of $80.34 and a 200 day moving average price of $80.45. Canadian Pacific Kansas City Limited has a twelve month low of $69.27 and a twelve month high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a market cap of $71.58 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.14 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is currently 20.00%.

Analyst Upgrades and Downgrades

CP has been the subject of a number of research reports. Citigroup decreased their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Evercore ISI raised their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price objective for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Finally, Stephens decreased their price objective on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.68.

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.