Snowden Capital Advisors LLC Lowers Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Snowden Capital Advisors LLC cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 18.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,501 shares of the transportation company’s stock after selling 5,389 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $1,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $33,000. Stonebridge Financial Group LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $34,000. YANKCOM Partnership purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $36,000. Millstone Evans Group LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $36,000. Finally, Curio Wealth LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $39,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Up 0.1%

NYSE:CP opened at $81.59 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The company has a market cap of $75.92 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The company has a 50 day simple moving average of $73.33 and a two-hundred day simple moving average of $75.13.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. Canadian Pacific Kansas City’s payout ratio is presently 21.28%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CP. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Barclays lowered their target price on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Stephens boosted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus decreased their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $90.63.

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.