Schaper Benz & Wise Investment Counsel Inc. WI Sells 8,174 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• Schaper Benz & Wise Investment Counsel Inc. has reduced its stake in Canadian Pacific Kansas City Limited by 8.1%, selling 8,174 shares during the second quarter.
• Canadian Pacific Kansas City reported $0.81 earnings per share (EPS) for the last quarter, slightly missing the consensus estimate of $0.82.
• The company announced an increase in its quarterly dividend to $0.1651 per share, with a dividend yield of 0.9%, compared to the previous amount of $0.16.

Schaper Benz & Wise Investment Counsel Inc. WI cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 8.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,220 shares of the transportation company's stock after selling 8,174 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Canadian Pacific Kansas City were worth $7,310,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its position in shares of Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after buying an additional 256 shares during the period. North Capital Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth about $27,000. Cheviot Value Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth about $30,000. Hexagon Capital Partners LLC grew its position in shares of Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after buying an additional 164 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth about $35,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

CP opened at $76.51 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. The stock has a market capitalization of $69.38 billion, a P/E ratio of 23.83, a P/E/G ratio of 2.14 and a beta of 1.08. The company's 50-day simple moving average is $75.51 and its two-hundred day simple moving average is $76.76. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $83.65.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. Canadian Pacific Kansas City's revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.1651 per share. The ex-dividend date is Friday, September 26th. This represents a $0.66 annualized dividend and a yield of 0.9%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.56%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CP shares. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the stock an "overweight" rating in a research report on Thursday, October 2nd. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Monday, October 13th. National Bankshares reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $91.38.

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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