Ritholtz Wealth Management Sells 6,453 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Ritholtz Wealth Management cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 33.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,682 shares of the transportation company's stock after selling 6,453 shares during the period. Ritholtz Wealth Management's holdings in Canadian Pacific Kansas City were worth $918,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its position in shares of Canadian Pacific Kansas City by 18.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 23,532 shares of the transportation company's stock valued at $1,869,000 after acquiring an additional 3,612 shares during the period. MQS Management LLC bought a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at about $228,000. AE Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $217,000. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Canadian Pacific Kansas City by 6.4% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 124,416 shares of the transportation company's stock worth $9,795,000 after purchasing an additional 7,513 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Canadian Pacific Kansas City by 9.9% in the second quarter. Sei Investments Co. now owns 679,129 shares of the transportation company's stock valued at $53,468,000 after buying an additional 60,936 shares during the period. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wells Fargo & Company lowered their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Sanford C. Bernstein cut their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research report on Wednesday, October 9th. Citigroup reduced their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Stephens upgraded shares of Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $81.00 to $88.00 in a research report on Monday, January 6th. Finally, Evercore ISI lifted their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned 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 price target of $92.63.

Canadian Pacific Kansas City Trading Up 0.3 %

Shares of NYSE CP traded up $0.24 during trading on Monday, reaching $74.80. The company had a trading volume of 3,153,832 shares, compared to its average volume of 2,119,487. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock has a market cap of $69.83 billion, a P/E ratio of 26.71, a PEG ratio of 1.89 and a beta of 0.96. The company's fifty day moving average price is $74.69 and its 200-day moving average price is $79.16.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.02 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.75%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio is 19.29%.

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.