Cutter & CO Brokerage Inc. Sells 14,688 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Cutter & CO Brokerage Inc. cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,875 shares of the transportation company's stock after selling 14,688 shares during the quarter. Canadian Pacific Kansas City accounts for 3.2% of Cutter & CO Brokerage Inc.'s portfolio, making the stock its 7th largest holding. Cutter & CO Brokerage Inc.'s holdings in Canadian Pacific Kansas City were worth $13,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. North Capital Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter worth $27,000. Cornerstone Planning Group LLC boosted its position in shares of Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after buying an additional 256 shares during the period. Bernard Wealth Management Corp. acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $31,000. Hexagon Capital Partners LLC boosted its position in shares of Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after buying an additional 164 shares during the period. Finally, Millstone Evans Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $36,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

CP stock traded down $0.26 during trading on Wednesday, reaching $80.86. 1,644,100 shares of the stock were exchanged, compared to its average volume of 2,816,442. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The company has a market capitalization of $74.50 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. The stock has a 50 day simple moving average of $80.27 and a 200-day simple moving average of $76.72. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The business 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 earned $0.93 earnings per share. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. This is an increase 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 payout ratio is presently 22.30%.

Analyst Ratings Changes

Several analysts recently issued reports on CP shares. Citigroup increased their price objective on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. The Goldman Sachs Group reiterated a "neutral" rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Susquehanna reiterated a "positive" rating and set a $94.00 price objective (up from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Finally, Royal Bank Of Canada cut their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $91.95.

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.