OneDigital Investment Advisors LLC Sells 12,013 Shares of Canadian Pacific Kansas City Limited $CP

OneDigital Investment Advisors LLC trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.1% during the 2nd quarter, Holdings Channel reports. The fund owned 157,193 shares of the transportation company’s stock after selling 12,013 shares during the period. OneDigital Investment Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $13,621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Prosperity Bancshares Inc purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $26,000. Gilpin Wealth Management LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth $29,000. McMillan Office Inc. purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at $31,000. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City during the first quarter valued at $35,000. Finally, Wealth Watch Advisors INC bought a new position in Canadian Pacific Kansas City during the third quarter valued at $36,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Up 0.0%

Shares of CP opened at $93.53 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $89.72 and a 200 day moving average of $85.50. The company has a market cap of $82.16 billion, a PE ratio of 30.08, a P/E/G ratio of 1.83 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $94.66.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the business posted $1.12 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is currently 25.08%.

Analyst Ratings Changes

A number of brokerages have commented on CP. Citizens Jmp assumed coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Citigroup upped their target price on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce increased their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Evercore set a $99.00 price target on Canadian Pacific Kansas City in a research report on Thursday, July 30th. Finally, Stephens raised Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Canadian Pacific Kansas City Company 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.