First Foundation Advisors Sells 10,120 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

First Foundation Advisors decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 224,484 shares of the transportation company’s stock after selling 10,120 shares during the quarter. First Foundation Advisors’ holdings in Canadian Pacific Kansas City were worth $17,674,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CP. YCG LLC increased its stake in Canadian Pacific Kansas City by 2.5% during the second quarter. YCG LLC now owns 383,591 shares of the transportation company’s stock valued at $30,200,000 after acquiring an additional 9,409 shares during the period. Triasima Portfolio Management inc. grew its holdings in shares of Canadian Pacific Kansas City by 3.2% during the 2nd quarter. Triasima Portfolio Management inc. now owns 438,500 shares of the transportation company’s stock worth $34,517,000 after purchasing an additional 13,760 shares in the last quarter. Bowie Capital Management LLC increased its position in shares of Canadian Pacific Kansas City by 30.4% during the second quarter. Bowie Capital Management LLC now owns 488,127 shares of the transportation company’s stock valued at $38,430,000 after purchasing an additional 113,929 shares during the period. Caprock Group LLC raised its stake in shares of Canadian Pacific Kansas City by 56.9% in the second quarter. Caprock Group LLC now owns 9,904 shares of the transportation company’s stock valued at $781,000 after purchasing an additional 3,593 shares in the last quarter. Finally, Certuity LLC bought a new position in Canadian Pacific Kansas City in the second quarter worth $217,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.8 %

CP opened at $82.85 on Monday. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The stock has a market capitalization of $77.32 billion, a PE ratio of 26.55, a PEG ratio of 2.35 and a beta of 0.96. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $81.03 and a two-hundred day moving average price of $82.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. Canadian Pacific Kansas City’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.1 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.1373 per share. This represents a $0.55 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Analysts Set New Price Targets

Several brokerages have issued reports on CP. Susquehanna reissued a “neutral” rating and issued a $80.00 price target on shares of Canadian Pacific Kansas City in a report on Wednesday, July 31st. Stifel Nicolaus lifted their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. Jefferies Financial Group dropped their price target on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Sanford C. Bernstein lifted their price objective on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a report on Monday, July 8th. Finally, Barclays lowered their price objective on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.36.

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.