Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 80.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,035 shares of the transportation company's stock after selling 32,852 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Canadian Pacific Kansas City were worth $564,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CP. Bernard Wealth Management Corp. acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $31,000. Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $36,000. Curio Wealth LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $39,000. Parvin Asset Management LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $43,000. Finally, Curat Global LLC acquired a new position in Canadian Pacific Kansas City during the first quarter worth $42,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. The Goldman Sachs Group reissued a "neutral" rating and set a $91.00 target price on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Jefferies Financial Group decreased their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Evercore ISI decreased their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, Wall Street Zen lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $90.95.

Canadian Pacific Kansas City Trading Up 1.6%

Shares of NYSE:CP opened at $79.18 on Friday. The company has a market cap of $72.96 billion, a P/E ratio of 26.75, a P/E/G ratio of 2.12 and a beta of 1.10. The stock's 50-day moving average is $78.27 and its 200-day moving average is $76.05. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted $0.93 earnings per share. The firm's revenue was up 8.0% compared to the same quarter last year. Equities research 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 disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a yield of 0.83%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 17.91%.

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.

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