Sei Investments Co. Lowers Holdings in Canadian Pacific Kansas City Limited $CP

Key Points

• Sei Investments Co. decreased its stake in Canadian Pacific Kansas City Limited by 4.5%, now owning 750,361 shares worth approximately $54 million.
• The company recently reported quarterly earnings of $0.81 per share, falling short of analysts' expectations of $0.82, despite a 2.7% increase in revenue compared to the same quarter last year.
• Canadian Pacific Kansas City announced an increase in its quarterly dividend to $0.1651, with a current dividend yield of 0.9%.

Sei Investments Co. cut its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 750,361 shares of the transportation company's stock after selling 34,990 shares during the quarter. Sei Investments Co. owned about 0.08% of Canadian Pacific Kansas City worth $53,999,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CP. Capital Insight Partners LLC lifted its position 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 worth $2,858,000 after acquiring an additional 143 shares in the last quarter. Davidson Trust Co. increased its position in shares of Canadian Pacific Kansas City by 3.2% during the first quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock worth $327,000 after acquiring an additional 144 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of Canadian Pacific Kansas City by 2.2% in the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock worth $521,000 after acquiring an additional 152 shares in the last quarter. Transatlantique Private Wealth LLC grew its position in shares of Canadian Pacific Kansas City by 1.6% during the fourth quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock worth $728,000 after buying an additional 157 shares in the last quarter. Finally, Tradewinds LLC. grew its position in shares of Canadian Pacific Kansas City by 3.8% during the first quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock worth $304,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock traded down $0.64 during trading on Monday, hitting $73.59. 2,532,020 shares of the stock were exchanged, compared to its average volume of 3,219,429. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average price of $78.45 and a 200-day moving average price of $76.72. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72. The stock has a market capitalization of $67.23 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 2.08 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates 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%. The business's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 earnings per share. As a group, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS 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, October 27th. Stockholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City's payout ratio is currently 20.56%.

Analyst Ratings Changes

Several brokerages have weighed in on CP. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Wall Street Zen cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Stephens boosted their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. The Goldman Sachs Group reiterated a "neutral" rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Finally, Barclays boosted their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $92.30.

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.