Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC cut its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,121 shares of the transportation company’s stock after selling 168 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Canadian Pacific Kansas City were worth $371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in shares of Canadian Pacific Kansas City by 12.0% during the third quarter. Assenagon Asset Management S.A. now owns 26,624 shares of the transportation company’s stock valued at $2,280,000 after buying an additional 2,862 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Canadian Pacific Kansas City by 5.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 83,371 shares of the transportation company’s stock valued at $7,132,000 after acquiring an additional 4,307 shares during the period. Nicholas Hoffman & Company LLC. bought a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at $201,000. First Trust Direct Indexing L.P. boosted its position in Canadian Pacific Kansas City by 23.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 13,571 shares of the transportation company’s stock worth $1,161,000 after acquiring an additional 2,552 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Canadian Pacific Kansas City by 47.2% in the third quarter. Van ECK Associates Corp now owns 375,295 shares of the transportation company’s stock worth $29,373,000 after purchasing an additional 120,280 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $76.51 on Friday. The company has a market cap of $71.43 billion, a PE ratio of 26.38, a PEG ratio of 2.00 and a beta of 0.97. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. The company’s 50-day moving average is $76.35 and its two-hundred day moving average is $78.56.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Royal Bank of Canada upped their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Susquehanna lowered their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Stephens upped their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Company 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.