IFP Advisors Inc Sells 668 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

IFP Advisors Inc reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,231 shares of the transportation company’s stock after selling 668 shares during the period. IFP Advisors Inc’s holdings in Canadian Pacific Kansas City were worth $596,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Kestra Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth $33,000. Addison Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth $34,000. Stonebridge Financial Group LLC bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth $34,000. Finally, YANKCOM Partnership bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth $36,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Up 1.7 %

Shares of CP opened at $77.85 on Friday. The business has a 50-day moving average of $76.46 and a 200 day moving average of $78.56. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The firm has a market cap of $72.69 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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%. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.93%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Royal Bank of Canada raised their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Citigroup raised their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.45.

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.