Canadian Pacific Kansas City Limited $CP Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.0% during the third quarter, Holdings Channel.com reports. The fund owned 150,148 shares of the transportation company’s stock after selling 9,546 shares during the quarter. Prospera Financial Services Inc’s holdings in Canadian Pacific Kansas City were worth $11,185,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth about $27,000. Caldwell Trust Co acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth approximately $30,000. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City in the first quarter valued at approximately $35,000. Cornerstone Planning Group LLC raised its holdings in Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after buying an additional 335 shares during the period. Finally, SJS Investment Consulting Inc. acquired a new position in Canadian Pacific Kansas City during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.9%

NYSE:CP opened at $81.15 on Tuesday. The stock has a market cap of $72.84 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The business’s 50-day simple moving average is $73.95 and its 200 day simple moving average is $74.16.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the business earned $1.29 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is 20.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Natl Bk Canada cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $124.00 target price (down previously from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.