Wealth Enhancement Advisory Services LLC Has $5.99 Million Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Wealth Enhancement Advisory Services cut its stake in Canadian Pacific Kansas City (NYSE:CP) by 17.4% in Q4, selling 16,687 shares to hold 79,102 shares valued at about $5.99 million.
• Institutional investors own 72.2% of CP, with large funds like Vanguard and Invesco increasing their holdings; analysts' consensus is a Moderate Buy (10 Buys, 4 Holds) and an average target price of $92.00.
• CP missed Q4 EPS expectations ($0.95 vs. $0.99 consensus) while revenue was roughly in line, and the company declared a quarterly dividend of $0.228 per share (annualized $0.91, ~1.2% yield) with ex-dividend March 27 and payment April 27.

Wealth Enhancement Advisory Services LLC cut its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 17.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,102 shares of the transportation company's stock after selling 16,687 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Canadian Pacific Kansas City were worth $5,987,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CP. Vanguard Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 1.3% in the third quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company's stock valued at $2,884,826,000 after acquiring an additional 510,633 shares in the last quarter. Invesco Ltd. raised its stake in Canadian Pacific Kansas City by 18.3% in the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company's stock worth $1,722,841,000 after purchasing an additional 3,585,030 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Canadian Pacific Kansas City by 16.2% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,850,737 shares of the transportation company's stock worth $1,018,952,000 after purchasing an additional 1,792,388 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Canadian Pacific Kansas City by 9.1% in the 3rd quarter. CIBC Asset Management Inc now owns 8,352,370 shares of the transportation company's stock valued at $623,937,000 after purchasing an additional 698,705 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Canadian Pacific Kansas City by 17.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,219,835 shares of the transportation company's stock valued at $649,575,000 after purchasing an additional 1,204,732 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Wall Street Zen cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Tuesday, March 3rd. Morgan Stanley raised Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 8th. Citigroup lowered their price objective on Canadian Pacific Kansas City from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, January 30th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $92.00.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $78.22 on Monday. The business has a fifty day simple moving average of $80.54 and a 200 day simple moving average of $76.05. The company has a market cap of $70.23 billion, a P/E ratio of 24.22, a P/E/G ratio of 1.59 and a beta of 1.05. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $89.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.04). The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The business's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be issued a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City's payout ratio is 20.74%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC's core business is freight transportation and related logistics services.

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