Nations Financial Group Inc. IA ADV Sells 680 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Nations Financial Group Inc. IA ADV lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,074 shares of the transportation company’s stock after selling 680 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Canadian Pacific Kansas City were worth $222,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tower View Wealth Management LLC boosted its position in Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock valued at $4,410,000 after buying an additional 130 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 13.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 150 shares during the period. Forte Capital LLC ADV grew its stake in Canadian Pacific Kansas City by 2.4% in the third quarter. Forte Capital LLC ADV now owns 7,415 shares of the transportation company’s stock worth $634,000 after purchasing an additional 173 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Canadian Pacific Kansas City by 12.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company’s stock worth $118,000 after purchasing an additional 175 shares during the period. Finally, Kolinsky Wealth Management LLC raised its position in Canadian Pacific Kansas City by 3.9% during the 3rd quarter. Kolinsky Wealth Management LLC now owns 4,932 shares of the transportation company’s stock valued at $422,000 after purchasing an additional 184 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CP shares. Wells Fargo & Company cut their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Bank of America reduced their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Finally, Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Trading Up 2.3 %

NYSE CP opened at $79.30 on Wednesday. The stock has a market cap of $74.03 billion, a P/E ratio of 27.34, a P/E/G ratio of 2.02 and a beta of 0.97. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58. The company has a fifty day simple moving average of $75.78 and a two-hundred day simple moving average of $78.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.62%.

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.