SeaCrest Wealth Management LLC Has $248,000 Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

SeaCrest Wealth Management LLC cut its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,144 shares of the transportation company’s stock after selling 206 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $248,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CP. LRI Investments LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $32,000. ORG Partners LLC acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $39,000. Tobam bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at approximately $51,000. Rational Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at approximately $52,000. Finally, Partnership Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $52,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.5 %

Shares of Canadian Pacific Kansas City stock traded down $0.36 during trading on Tuesday, reaching $79.29. 591,536 shares of the company traded hands, compared to its average volume of 2,123,424. 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 Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The company has a 50 day moving average price of $79.85 and a 200-day moving average price of $82.73. The firm has a market capitalization of $73.98 billion, a PE ratio of 25.54, a P/E/G ratio of 2.27 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the company earned $0.62 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, equities research analysts expect 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. Investors of record on Friday, September 27th will be given a dividend of $0.1373 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is presently 17.31%.

Wall Street Analyst Weigh In

CP has been the topic of several research reports. Raymond James lifted their price target on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Susquehanna reaffirmed a “neutral” rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a report on Wednesday, July 31st. Bank of America decreased their price target on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Stifel Nicolaus boosted their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the 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.