2 days Ago By ABMN Staff
Parallel Advisors LLC trimmed its stake in shares of Canadian Pacific Kansas City Limited ( NYSE:CP – Free Report ) (TSE:CP) by 4.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 22,822 shares of the transportation company’s stock after selling 1,040 shares during the quarter.
Parallel Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $1,797,000 at the end of the most recent quarter. Other hedge funds have also recently bought and sold shares of the company. LRI Investments LLC purchased a new stake in Canadian Pacific Kansas City in the 1st quarter worth about $32,000.
Chris Bulman Inc purchased a new stake in Canadian Pacific Kansas City in the 2nd quarter worth about $35,000. ORG Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $39,000. Tobam purchased a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth about $51,000.
Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $61,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets A number of equities research analysts have recently weighed in on CP shares. Sanford C. Bernstein raised their price target on Canadian Pacific Kansas City from $88.
50 to $89.06 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Wells Fargo & Company started coverage on Canadian Pacific Kansas City in a research note on Friday, June 7th.
They set an “overweight” rating and a $90.00 price target for the company. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th.
Barclays cut their price target on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th.
Finally, Jefferies Financial Group cut their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th.
Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.36.
Canadian Pacific Kansas City Stock Performance CP opened at $86.32 on Monday. The firm has a market capitalization of $80.
54 billion, a P/E ratio of 27.67, a price-to-earnings-growth ratio of 2.45 and a beta of 0.
96. The stock’s 50 day moving average price is $81.63 and its two-hundred day moving average price is $82.
48. The company has a quick ratio of 0.44, a current ratio of 0.
51 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12-month low of $68.
92 and a 12-month high of $91.58. Canadian Pacific Kansas City ( NYSE:CP – Get Free Report ) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 30th.
The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.
31. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.
58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.
45%. The company’s quarterly revenue was up 13.5% on a year-over-year basis.
During the same quarter last year, the company earned $0.62 EPS. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.
1 earnings per share for the current year. Canadian Pacific Kansas City Cuts Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be given a dividend of $0.
1373 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.
64%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.
31%. About Canadian Pacific Kansas City ( Free Report ) 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.
See Also Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Kansas City Limited ( NYSE:CP – Free Report ) (TSE:CP). Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.
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