Envestnet Asset Management Inc. Reduces Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Envestnet Asset Management Inc. decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 15.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,334,092 shares of the transportation company's stock after selling 240,650 shares during the quarter. Envestnet Asset Management Inc. owned about 0.14% of Canadian Pacific Kansas City worth $93,660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CP. Davidson Trust Co. increased its holdings in shares of Canadian Pacific Kansas City by 3.2% during the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock worth $327,000 after buying an additional 144 shares during the last quarter. Advisory Services Network LLC increased its stake in Canadian Pacific Kansas City by 2.2% during the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock worth $521,000 after acquiring an additional 152 shares during the last quarter. Transatlantique Private Wealth LLC raised its position in Canadian Pacific Kansas City by 1.6% in the fourth quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock valued at $728,000 after purchasing an additional 157 shares during the period. Tradewinds LLC. lifted its stake in shares of Canadian Pacific Kansas City by 3.8% in the 1st quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock valued at $304,000 after purchasing an additional 157 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Canadian Pacific Kansas City by 49.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 0.9%

Shares of NYSE CP traded down $0.78 during mid-day trading on Friday, hitting $81.63. The company had a trading volume of 2,537,994 shares, compared to its average volume of 2,820,707. The company has a market capitalization of $75.21 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.28 and a beta of 1.07. The business's 50-day simple moving average is $79.97 and its 200 day simple moving average is $76.63. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70.

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 for the quarter, hitting the consensus estimate of $0.74. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. Canadian Pacific Kansas City's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 EPS. On average, 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 announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a $0.1644 dividend. 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 annualized dividend and a yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 22.30%.

Wall Street Analysts Forecast Growth

CP has been the topic of several research analyst reports. Bank of America boosted their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Evercore ISI decreased their price objective on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group lowered their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Barclays boosted their target price on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday. Two equities 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. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus target price of $91.95.

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.