Wealth Enhancement Advisory Services LLC Sells 6,915 Shares of Canadian Pacific Kansas City Limited $CP

Wealth Enhancement Advisory Services LLC lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 95,789 shares of the transportation company’s stock after selling 6,915 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Canadian Pacific Kansas City were worth $7,446,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Frank Rimerman Advisors LLC raised its stake in Canadian Pacific Kansas City by 0.8% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock valued at $1,399,000 after buying an additional 139 shares during the last quarter. Accretive Wealth Partners LLC increased its position in Canadian Pacific Kansas City by 1.3% during the second quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock valued at $936,000 after acquiring an additional 157 shares during the last quarter. Tanager Wealth Management LLP lifted its holdings in Canadian Pacific Kansas City by 5.5% in the second quarter. Tanager Wealth Management LLP now owns 3,456 shares of the transportation company’s stock valued at $274,000 after acquiring an additional 181 shares during the period. Assetmark Inc. boosted its position in Canadian Pacific Kansas City by 28.5% in the second quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock worth $68,000 after purchasing an additional 191 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Canadian Pacific Kansas City by 1.0% during the 3rd quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock valued at $1,507,000 after purchasing an additional 207 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CP shares. Royal Bank Of Canada lowered their price objective on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Natl Bk Canada downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Evercore ISI cut their price objective on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.36.

Canadian Pacific Kansas City Stock Up 0.5%

CP opened at $72.80 on Friday. The stock has a market cap of $65.35 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The firm’s fifty day moving average is $72.74 and its 200 day moving average is $74.45. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the business earned $0.99 earnings per share. On average, sell-side analysts forecast 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 firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a $0.228 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s payout ratio is presently 20.12%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.