PDS Planning Inc Cuts Position in Canadian Pacific Kansas City Limited (NYSE:CP)

PDS Planning Inc decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,785 shares of the transportation company’s stock after selling 541 shares during the quarter. PDS Planning Inc’s holdings in Canadian Pacific Kansas City were worth $299,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Sands Capital Management LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at $31,000. AdvisorNet Financial Inc boosted its stake in shares of Canadian Pacific Kansas City by 452.1% during the third quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 425 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $40,000. Independence Bank of Kentucky acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $43,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stifel Nicolaus increased their price objective on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, April 10th. Raymond James increased their price objective on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Finally, Susquehanna decreased their price target on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $97.22.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $87.72 on Wednesday. The stock’s 50-day moving average is $87.24 and its 200-day moving average is $79.71. The company has a market cap of $81.81 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a $0.1415 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, March 27th. This represents a $0.57 annualized dividend and a dividend yield of 0.65%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.83%.

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.