GPM Growth Investors Inc. Sells 4,175 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

GPM Growth Investors Inc. trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 10.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,125 shares of the transportation company's stock after selling 4,175 shares during the quarter. Canadian Pacific Kansas City comprises about 1.1% of GPM Growth Investors Inc.'s investment portfolio, making the stock its 29th biggest holding. GPM Growth Investors Inc.'s holdings in Canadian Pacific Kansas City were worth $2,607,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CP. Capital Insight Partners LLC increased its stake in Canadian Pacific Kansas City by 0.4% during the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company's stock valued at $2,858,000 after purchasing an additional 143 shares in the last quarter. Davidson Trust Co. increased its stake in 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 valued at $327,000 after purchasing an additional 144 shares in the last quarter. Advisory Services Network LLC increased its stake in Canadian Pacific Kansas City by 2.2% during the 4th quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock valued at $521,000 after purchasing an additional 152 shares in the last quarter. Transatlantique Private Wealth LLC increased its stake in Canadian Pacific Kansas City by 1.6% during the 4th 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 in the last quarter. Finally, Tradewinds LLC. increased its stake in Canadian Pacific Kansas City by 3.8% during 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 in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded down $0.26 on Wednesday, reaching $80.86. The company's stock had a trading volume of 1,874,920 shares, compared to its average volume of 2,818,749. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. The stock has a market capitalization of $74.50 billion, a P/E ratio of 27.32, a PEG ratio of 2.27 and a beta of 1.07. The stock's 50 day simple moving average is $80.41 and its two-hundred day simple moving average is $76.75. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 net margin of 25.99% and a return on equity of 8.68%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed 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 an increase 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 dividend yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 22.30%.

Analyst Upgrades and Downgrades

CP has been the subject of a number of analyst reports. Argus set a $90.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. The Goldman Sachs Group restated 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. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Finally, Bank of America raised their price target 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.