Wealth Alliance LLC Reduces Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Wealth Alliance LLC lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 41.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,097 shares of the transportation company's stock after selling 5,034 shares during the period. Wealth Alliance LLC's holdings in Canadian Pacific Kansas City were worth $498,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CP. North Capital Inc. acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its stake in shares of Canadian Pacific Kansas City by 209.8% during 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. Bernard Wealth Management Corp. acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $31,000. Hexagon Capital Partners LLC raised its stake in 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 valued at $35,000 after purchasing an additional 164 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays raised their target price on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Evercore ISI cut their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Stifel Nicolaus cut their target price 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, Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.95.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $77.51 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The firm has a market capitalization of $71.15 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 2.17 and a beta of 1.07. The stock's 50-day simple moving average is $80.63 and its 200-day simple moving average is $76.89.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. As a group, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. This represents a $0.66 annualized dividend and a yield of 0.85%. Canadian Pacific Kansas City's payout ratio is 22.30%.

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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