Retirement Planning Group LLC Reduces Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Retirement Planning Group LLC reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,298 shares of the transportation company’s stock after selling 356 shares during the period. Retirement Planning Group LLC’s holdings in Canadian Pacific Kansas City were worth $3,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. LRI Investments LLC purchased a new position in Canadian Pacific Kansas City during the first quarter valued at $32,000. Tobam purchased a new position in Canadian Pacific Kansas City during the first quarter valued at $51,000. Rational Advisors LLC purchased a new position in Canadian Pacific Kansas City during the first quarter valued at $52,000. Partnership Wealth Management LLC purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at $52,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at $70,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 0.7 %

Shares of CP traded down $0.57 during mid-day trading on Friday, reaching $77.78. 1,574,110 shares of the company’s stock traded hands, compared to its average volume of 2,163,862. The stock has a market cap of $72.57 billion, a P/E ratio of 24.93, a P/E/G ratio of 2.27 and a beta of 0.96. The stock’s 50-day moving average is $79.74 and its two-hundred day moving average is $82.79. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. Canadian Pacific Kansas City’s revenue was up 13.5% compared to the same quarter last year. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.11 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.1373 per share. The ex-dividend date is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wells Fargo & Company assumed coverage on Canadian Pacific Kansas City in a research report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price objective on the stock. Barclays lowered their price objective on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Evercore ISI lowered their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Raymond James boosted their price objective on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Finally, Evercore lowered their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $96.56.

Canadian Pacific Kansas City Profile

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.