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

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,789 shares of the transportation company’s stock after selling 6,915 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Canadian Pacific Kansas City were worth $7,446,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CP. Frank Rimerman Advisors LLC grew its stake in Canadian Pacific Kansas City by 0.8% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock worth $1,399,000 after buying an additional 139 shares in the last quarter. Accretive Wealth Partners LLC lifted its position in shares of Canadian Pacific Kansas City by 1.3% in the 2nd quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock worth $936,000 after purchasing an additional 157 shares during the period. Tanager Wealth Management LLP boosted its stake in shares of Canadian Pacific Kansas City by 5.5% during the 2nd quarter. Tanager Wealth Management LLP now owns 3,456 shares of the transportation company’s stock valued at $274,000 after purchasing an additional 181 shares in the last quarter. Assetmark Inc. increased its position in shares of Canadian Pacific Kansas City by 28.5% during the second quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock valued at $68,000 after buying an additional 191 shares during the period. Finally, Signaturefd LLC increased its position in shares of Canadian Pacific Kansas City by 1.0% during the third quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock valued at $1,507,000 after buying an additional 207 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

CP has been the topic of several research reports. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, October 30th. Royal Bank Of Canada lowered their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday. Finally, Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $92.36.

Canadian Pacific Kansas City Stock Up 0.5%

Shares of NYSE:CP opened at $72.80 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $72.74 and a two-hundred day simple moving average of $74.45. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $83.65. The stock has a market capitalization of $65.35 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 1.61 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same quarter in the prior year, the business posted $0.99 earnings per share. On average, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.228 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 annualized dividend and a yield of 1.3%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 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.