Tidal Investments LLC Sells 9,702 Shares of Canadian Pacific Kansas City Limited $CP

Tidal Investments LLC decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 85,924 shares of the transportation company’s stock after selling 9,702 shares during the quarter. Tidal Investments LLC’s holdings in Canadian Pacific Kansas City were worth $7,445,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CP. Saranac Partners Ltd bought a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at approximately $6,773,000. HighTower Advisors LLC boosted its stake in Canadian Pacific Kansas City by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after purchasing an additional 37,044 shares during the period. Vontobel Holding Ltd. boosted its stake in Canadian Pacific Kansas City by 12,903.0% in the 2nd quarter. Vontobel Holding Ltd. now owns 874,710 shares of the transportation company’s stock worth $75,760,000 after purchasing an additional 867,983 shares during the period. Russell Investments Group Ltd. grew its holdings in Canadian Pacific Kansas City by 60.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,579,331 shares of the transportation company’s stock valued at $136,857,000 after buying an additional 596,252 shares in the last quarter. Finally, Pacific Heights Asset Management LLC grew its holdings in Canadian Pacific Kansas City by 42.5% during the 4th quarter. Pacific Heights Asset Management LLC now owns 285,000 shares of the transportation company’s stock valued at $20,985,000 after buying an additional 85,000 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.5%

Shares of CP opened at $89.31 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The stock has a market capitalization of $78.45 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 1.86 and a beta of 1.12. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $96.90. The business’s 50 day simple moving average is $91.71 and its 200-day simple moving average is $87.20.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the firm posted $1.12 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be paid a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 25.08%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a report on Thursday, June 25th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, June 25th. Susquehanna boosted their price target on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Finally, Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates the Canadian Pacific Kansas City (CPKC) railway. Headquartered in Calgary, Alberta, the company provides rail transportation and logistics services for freight customers across Canada, the United States and Mexico.

CPKC transports a broad range of commodities and products, including grain and fertilizers, coal, energy and chemicals, forest products, metals and minerals, automotive goods, industrial and consumer products, and intermodal freight.