Sound View Wealth Advisors Group LLC Lowers Position in Canadian Pacific Kansas City Limited $CP

Sound View Wealth Advisors Group LLC trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 68.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,011 shares of the transportation company’s stock after selling 22,109 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Canadian Pacific Kansas City were worth $794,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CP. Cheviot Value Management LLC purchased a new stake in Canadian Pacific Kansas City in the 1st quarter valued at approximately $30,000. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $35,000. Chilton Capital Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $49,000. WPG Advisers LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $50,000. Finally, LRI Investments LLC grew its holdings in Canadian Pacific Kansas City by 42.1% during the second quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock worth $57,000 after acquiring an additional 213 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 2.9%

NYSE:CP opened at $70.90 on Monday. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $83.65. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $74.93 and a 200-day simple moving average of $76.87. The company has a market capitalization of $63.84 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same period in the previous year, the company posted $0.99 earnings per share. On average, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.228 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.3%. Canadian Pacific Kansas City’s dividend payout ratio is 19.51%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Citigroup lowered their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Jefferies Financial Group set a $90.00 price objective on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Evercore ISI lowered their target price on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.69.

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.