Opal Wealth Advisors LLC Trims Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Opal Wealth Advisors LLC lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 29.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,578 shares of the transportation company’s stock after selling 1,097 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $227,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Sands Capital Management LLC purchased a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $31,000. Anchor Investment Management LLC purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $40,000. Independence Bank of Kentucky purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $43,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $45,000. Finally, Partnership Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $78.67 on Monday. The firm has a fifty day moving average price of $80.26 and a 200 day moving average price of $82.01. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. The stock has a market cap of $73.38 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 2.24 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.14 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CP shares. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Stifel Nicolaus dropped their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Susquehanna dropped their price target on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Finally, Barclays boosted their price target on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $96.32.

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.