Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lowered its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 54.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 42,189 shares of the transportation company's stock after selling 50,504 shares during the quarter. Marks Group Wealth Management Inc's holdings in Canadian Pacific Kansas City were worth $2,962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Canadian Pacific Kansas City by 1.4% in the 4th 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 last quarter. Causeway Capital Management LLC raised its position 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 worth $1,116,632,000 after purchasing an additional 6,687,770 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Canadian Pacific Kansas City by 1.8% in the 4th quarter. Mackenzie Financial Corp now owns 15,348,282 shares of the transportation company's stock worth $1,110,111,000 after purchasing an additional 276,223 shares during the last quarter. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth about $914,090,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Canadian Pacific Kansas City by 11.3% in the 4th 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 Ratings Changes

A number of research analysts recently issued reports on the company. The Goldman Sachs Group reiterated 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. Jefferies Financial Group decreased their price objective 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. Royal Bank Of Canada decreased their price objective 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. Susquehanna reaffirmed 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, Evercore ISI decreased their price objective on 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. Two equities 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.95.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded down $0.56 during midday trading on Monday, hitting $81.14. The company had a trading volume of 822,489 shares, compared to its average volume of 2,813,041. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The stock has a market cap of $74.76 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.28 and a beta of 1.07. The company has a quick ratio of 0.70, a current ratio of 0.81 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $79.97 and a 200 day simple moving average of $76.63.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business earned $0.93 earnings per share. As a group, analysts predict 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 company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a $0.1644 dividend. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. Canadian Pacific Kansas City's payout ratio is currently 22.30%.

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.