ORG Partners LLC Trims Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

ORG Partners LLC lowered its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 27.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 360 shares of the transportation company’s stock after selling 138 shares during the quarter. ORG Partners LLC’s holdings in Canadian Pacific Kansas City were worth $31,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Choate Investment Advisors lifted its stake in Canadian Pacific Kansas City by 24.2% in the first quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock worth $6,349,000 after acquiring an additional 14,037 shares during the period. Encompass Capital Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $11,810,000. Blue Zone Wealth Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter valued at about $4,160,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Canadian Pacific Kansas City by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,229,212 shares of the transportation company’s stock worth $196,672,000 after buying an additional 13,727 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its holdings in Canadian Pacific Kansas City by 53.0% in the first quarter. Maryland State Retirement & Pension System now owns 49,072 shares of the transportation company’s stock worth $4,100,000 after buying an additional 16,995 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.7 %

NYSE:CP opened at $81.98 on Thursday. The firm has a market capitalization of $76.49 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The business has a fifty day moving average price of $82.73 and a 200-day moving average price of $81.77. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.74 by $0.31. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 earnings per share. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared 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. This represents a $0.55 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Jefferies Financial Group reduced their target price on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Sanford C. Bernstein decreased their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Barclays upped their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Stifel Nicolaus lowered their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of $97.90.

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.