Ritholtz Wealth Management Sells 3,839 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Ritholtz Wealth Management lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 30.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,843 shares of the transportation company's stock after selling 3,839 shares during the quarter. Ritholtz Wealth Management's holdings in Canadian Pacific Kansas City were worth $621,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $31,000. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $33,000. Millstone Evans Group LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $36,000. Curio Wealth LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $39,000. Finally, Curat Global LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $42,000. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. 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 on the stock in a report on Wednesday, April 9th. Barclays reduced their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Stifel Nicolaus dropped their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank Of Canada reduced their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average target price of $90.66.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $80.15 on Thursday. The firm has a market capitalization of $73.85 billion, a P/E ratio of 27.08, a P/E/G ratio of 2.18 and a beta of 1.10. The company's 50 day moving average price is $77.54 and its two-hundred day moving average price is $75.91. 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 Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.74. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. Canadian Pacific Kansas City's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. On average, equities 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 company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 17.91%.

About Canadian Pacific Kansas City

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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