MGB Wealth Management LLC Sells 2,980 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

MGB Wealth Management LLC cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 25.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,751 shares of the transportation company’s stock after selling 2,980 shares during the period. MGB Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $631,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CP. Grove Bank & Trust boosted its holdings in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares during the last quarter. Addison Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares in the last quarter. FSA Wealth Management LLC purchased a new position in Canadian Pacific Kansas City during the third quarter worth about $34,000. Asset Dedication LLC bought a new stake in Canadian Pacific Kansas City in the 3rd quarter worth about $38,000. Finally, Stonebridge Financial Group LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.7 %

Shares of NYSE CP opened at $77.86 on Thursday. 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 company has a market cap of $72.69 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.02 and a beta of 0.97. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58. The business has a 50-day simple moving average of $75.63 and a two-hundred day simple moving average of $78.71.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is 18.62%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CP. Bank of America reduced their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Stifel Nicolaus decreased their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada boosted 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 report on Thursday, January 30th. StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.45.

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.