JLB & Associates Inc. Sells 6,236 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• JLB & Associates Inc. has reduced its holdings in Canadian Pacific Kansas City Limited by 52%, selling 6,236 shares and now owning 5,749 shares worth $456,000.
• The company's recent quarterly earnings showed $0.81 EPS, missing the analysts' expectations by $0.01, while revenues increased by 2.7% compared to the previous year.
• Canadian Pacific Kansas City has declared a quarterly dividend of $0.1651 per share, representing a 0.9% yield and an increase from the previous dividend of $0.16.

JLB & Associates Inc. decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 52.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,749 shares of the transportation company's stock after selling 6,236 shares during the quarter. JLB & Associates Inc.'s holdings in Canadian Pacific Kansas City were worth $456,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. North Capital Inc. bought a new stake in Canadian Pacific Kansas City during the first quarter valued at about $27,000. Cornerstone Planning Group LLC grew its position in shares of Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after purchasing an additional 256 shares in the last quarter. Cheviot Value Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter worth about $30,000. Hexagon Capital Partners LLC raised its stake in 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 valued at $35,000 after purchasing an additional 164 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 0.0%

CP stock opened at $73.53 on Tuesday. The firm has a fifty day moving average price of $75.28 and a 200 day moving average price of $76.34. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $85.77. The firm has a market cap of $66.68 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 2.06 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same period in the previous year, the company earned $1.05 EPS. Canadian Pacific Kansas City's revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be issued a $0.1651 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's payout ratio is 20.56%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Susquehanna dropped their price target on Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating for the company in a research note on Thursday, September 25th. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Stephens upped their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. National Bankshares reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Finally, Wall Street Zen cut shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.88.

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.

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