Canadian Pacific Kansas City Limited $CP Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its stake in Canadian Pacific Kansas City Limited by 4.5%, selling 3,905 shares during the second quarter, leaving them with a total of 82,830 shares valued at $6,566,000.
• Canadian Pacific Kansas City announced a quarterly dividend of $0.1651 per share, with a dividend yield of 0.9%, representing an increase from their previous dividend of $0.16.
• The company reported earnings per share of $0.81 for the last quarter, slightly missing estimates, while total revenue was $2.72 billion compared to an expected $2.76 billion.

Blair William & Co. IL lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 82,830 shares of the transportation company's stock after selling 3,905 shares during the quarter. Blair William & Co. IL's holdings in Canadian Pacific Kansas City were worth $6,566,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. North Capital Inc. acquired a new stake in Canadian Pacific Kansas City in the 1st quarter valued at $27,000. Cornerstone Planning Group LLC grew its stake in Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after acquiring an additional 256 shares during the period. Cheviot Value Management LLC acquired a new stake in Canadian Pacific Kansas City in the 1st quarter valued at $30,000. Hexagon Capital Partners LLC grew its stake in Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock valued at $35,000 after acquiring an additional 164 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Down 1.1%

Shares of CP stock opened at $74.90 on Monday. The company's 50-day moving average price is $75.34 and its 200-day moving average price is $76.53. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The stock has a market cap of $67.93 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.11 and a beta of 1.08. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The company's revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 EPS. As a group, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's dividend payout ratio is presently 20.56%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CP. Stephens lifted 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 note on Thursday, July 31st. Citigroup lifted their target price on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the stock an "overweight" rating in a research note on Thursday, October 2nd. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.85.

Canadian Pacific Kansas City Company 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.

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