Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Fortune Financial Advisors LLC

Fortune Financial Advisors LLC cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,415 shares of the transportation company’s stock after selling 145 shares during the quarter. Fortune Financial Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $976,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management raised its position in shares of Canadian Pacific Kansas City by 55.0% in the 1st quarter. Brookstone Capital Management now owns 14,959 shares of the transportation company’s stock worth $1,319,000 after buying an additional 5,308 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Canadian Pacific Kansas City by 42.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 80,748 shares of the transportation company’s stock valued at $7,120,000 after purchasing an additional 24,063 shares in the last quarter. Independence Bank of Kentucky grew its holdings in shares of Canadian Pacific Kansas City by 70.9% during the 1st quarter. Independence Bank of Kentucky now owns 940 shares of the transportation company’s stock worth $83,000 after purchasing an additional 390 shares during the period. Chapin Davis Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth about $449,000. Finally, BKM Wealth Management LLC increased its position in Canadian Pacific Kansas City by 27.9% during the 1st quarter. BKM Wealth Management LLC now owns 6,385 shares of the transportation company’s stock worth $563,000 after purchasing an additional 1,393 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $77.11 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12-month low of $69.07 and a 12-month high of $91.58. The stock’s 50 day simple moving average is $82.86 and its 200 day simple moving average is $81.35. The firm has a market cap of $71.95 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid 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 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is presently 17.95%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Citigroup increased their price target on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a “buy” rating in a report on Thursday. Bank of America reduced their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their target price for the company from $94.00 to $92.00 in a research note on Thursday. Finally, Evercore ISI boosted their price target 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. Eight equities research 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.95.

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.