Canadian Pacific Kansas City Limited $CP Stock: Foster Victor Wealth Advisors LLC Cuts Stake

Foster Victor Wealth Advisors LLC reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 15.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 222,586 shares of the transportation company’s stock after selling 40,642 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $19,271,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CP. Pinnacle Associates Ltd. raised its stake in Canadian Pacific Kansas City by 3.4% in the third quarter. Pinnacle Associates Ltd. now owns 226,997 shares of the transportation company’s stock valued at $19,317,000 after purchasing an additional 7,516 shares in the last quarter. Diversify Advisory Services LLC lifted its position in Canadian Pacific Kansas City by 33.5% during the third quarter. Diversify Advisory Services LLC now owns 4,434 shares of the transportation company’s stock worth $385,000 after purchasing an additional 1,113 shares during the period. Gold Investment Management Ltd. lifted its position in Canadian Pacific Kansas City by 1.0% during the third quarter. Gold Investment Management Ltd. now owns 90,259 shares of the transportation company’s stock worth $7,686,000 after purchasing an additional 868 shares during the period. Quantum Financial Partners LLC acquired a new stake in Canadian Pacific Kansas City during the third quarter worth about $234,000. Finally, IFP Advisors Inc grew its stake in Canadian Pacific Kansas City by 174.0% during the third quarter. IFP Advisors Inc now owns 15,394 shares of the transportation company’s stock worth $1,310,000 after buying an additional 9,775 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CP has been the topic of several recent analyst reports. Zacks Research raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 8th. Citigroup reaffirmed a “cautious” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, October 7th. Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, June 25th. Finally, Evercore set a $99.00 price target on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.83.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $88.12 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $96.90. The stock has a market capitalization of $77.11 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 1.84 and a beta of 1.13. The stock has a fifty day moving average of $89.30 and a 200-day moving average of $88.11.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%. Canadian Pacific Kansas City’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 EPS. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.68 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be paid a dividend of C$0.27 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is presently 24.76%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

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