Wealthcare Advisory Partners LLC Sells 11,895 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Wealthcare Advisory Partners LLC lessened its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 48.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,539 shares of the transportation company's stock after selling 11,895 shares during the period. Wealthcare Advisory Partners LLC's holdings in Canadian Pacific Kansas City were worth $880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in Canadian Pacific Kansas City by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company's stock worth $2,662,978,000 after purchasing an additional 491,966 shares during the period. Causeway Capital Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 76.5% in the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock valued at $1,116,632,000 after acquiring an additional 6,687,770 shares in the last quarter. Mackenzie Financial Corp lifted its position in Canadian Pacific Kansas City by 1.8% during the fourth quarter. Mackenzie Financial Corp now owns 15,348,282 shares of the transportation company's stock valued at $1,110,111,000 after purchasing an additional 276,223 shares during the last quarter. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $914,090,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Canadian Pacific Kansas City by 11.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock worth $899,805,000 after purchasing an additional 1,262,913 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Evercore ISI lowered their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group reissued a "neutral" rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Finally, Jefferies Financial Group dropped their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.66.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded down $0.76 during midday trading on Friday, hitting $80.39. 2,026,605 shares of the stock traded hands, compared to its average volume of 2,797,074. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The firm has a market capitalization of $74.80 billion, a P/E ratio of 27.72, a PEG ratio of 2.00 and a beta of 1.10. The firm has a 50-day moving average of $76.72 and a two-hundred day moving average of $75.77.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting analysts' consensus estimates of $0.74. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 earnings per share. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced 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 is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 22.30%.

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.