Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,121 shares of the transportation company’s stock after selling 168 shares during the period. Checchi Capital Advisers LLC’s holdings in Canadian Pacific Kansas City were worth $371,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CP. Assenagon Asset Management S.A. grew its holdings in shares of Canadian Pacific Kansas City by 12.0% during the third quarter. Assenagon Asset Management S.A. now owns 26,624 shares of the transportation company’s stock worth $2,280,000 after buying an additional 2,862 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Canadian Pacific Kansas City by 5.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 83,371 shares of the transportation company’s stock valued at $7,132,000 after acquiring an additional 4,307 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $201,000. First Trust Direct Indexing L.P. lifted its stake in Canadian Pacific Kansas City by 23.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 13,571 shares of the transportation company’s stock worth $1,161,000 after purchasing an additional 2,552 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Canadian Pacific Kansas City by 47.2% during the 3rd quarter. Van ECK Associates Corp now owns 375,295 shares of the transportation company’s stock worth $29,373,000 after purchasing an additional 120,280 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $76.51 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm’s 50-day simple moving average is $76.35 and its 200 day simple moving average is $78.56. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58. The firm has a market capitalization of $71.43 billion, a PE ratio of 26.38, a P/E/G ratio of 2.00 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Barclays cut their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Stephens boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $95.45.

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.