Dakota Wealth Management Sells 2,709 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Dakota Wealth Management decreased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 17.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,266 shares of the transportation company’s stock after selling 2,709 shares during the period. Dakota Wealth Management’s holdings in Canadian Pacific Kansas City were worth $960,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CP. AE Wealth Management LLC bought a new stake in Canadian Pacific Kansas City during the 2nd quarter worth approximately $217,000. AXA S.A. increased its position in shares of Canadian Pacific Kansas City by 25.9% during the second quarter. AXA S.A. now owns 245,765 shares of the transportation company’s stock worth $19,349,000 after acquiring an additional 50,607 shares in the last quarter. APG Asset Management N.V. raised its holdings in shares of Canadian Pacific Kansas City by 10.5% during the second quarter. APG Asset Management N.V. now owns 909,571 shares of the transportation company’s stock worth $66,822,000 after acquiring an additional 86,481 shares during the period. MBB Public Markets I LLC lifted its position in Canadian Pacific Kansas City by 46.3% in the 2nd quarter. MBB Public Markets I LLC now owns 212,100 shares of the transportation company’s stock valued at $16,699,000 after acquiring an additional 67,100 shares in the last quarter. Finally, Marathon Capital Management acquired a new position in Canadian Pacific Kansas City in the 2nd quarter worth $229,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.2 %

CP opened at $79.86 on Friday. The stock’s fifty day simple moving average is $74.79 and its 200 day simple moving average is $79.10. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58. The stock has a market cap of $74.56 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on CP shares. Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Susquehanna lowered their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Stephens raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $81.00 to $88.00 in a research report on Monday, January 6th. Finally, Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $92.63.

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.