Accredited Wealth Management LLC Sells 6,478 Shares of Canadian Pacific Kansas City Limited $CP

Accredited Wealth Management LLC lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 93.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 443 shares of the transportation company’s stock after selling 6,478 shares during the period. Accredited Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $33,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth about $27,000. Caldwell Trust Co bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $30,000. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the first quarter worth approximately $35,000. Cornerstone Planning Group LLC lifted its position in shares of Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares in the last quarter. Finally, SJS Investment Consulting Inc. bought a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Evercore cut their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Citigroup decreased their price target on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Finally, Barclays set a $93.00 price objective on Canadian Pacific Kansas City in a report on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and four 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 an average target price of $92.00.

Canadian Pacific Kansas City Stock Up 0.4%

Canadian Pacific Kansas City stock opened at $87.48 on Friday. The firm has a market capitalization of $78.53 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 1.87 and a beta of 1.10. The company’s 50 day simple moving average is $76.98 and its 200 day simple moving average is $75.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $88.96.

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

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be paid a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.43%.

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.