Aspiriant LLC Sells 521 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Aspiriant LLC trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,585 shares of the transportation company’s stock after selling 521 shares during the period. Aspiriant LLC’s holdings in Canadian Pacific Kansas City were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Canadian Pacific Kansas City by 12.1% during the first quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock valued at $108,000 after buying an additional 133 shares during the last quarter. Commerce Bank lifted its position in shares of Canadian Pacific Kansas City by 0.3% during the fourth quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock valued at $4,393,000 after buying an additional 144 shares during the last quarter. Accretive Wealth Partners LLC lifted its position in shares of Canadian Pacific Kansas City by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after buying an additional 145 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Canadian Pacific Kansas City by 1.5% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 12,319 shares of the transportation company’s stock valued at $974,000 after buying an additional 182 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its position in shares of Canadian Pacific Kansas City by 3.2% during the third quarter. Evergreen Capital Management LLC now owns 6,362 shares of the transportation company’s stock valued at $474,000 after buying an additional 195 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus decreased 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 report on Thursday, April 25th. Wells Fargo & Company began coverage on shares of Canadian Pacific Kansas City in a research report on Friday, June 7th. They set an “overweight” rating and a $90.00 price target for the company. Raymond James increased their price objective on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Finally, Jefferies Financial Group began coverage on shares of Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a “buy” rating and a $105.00 price objective for the company. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $96.32.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $78.98 on Friday. The stock has a market capitalization of $73.68 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 2.27 and a beta of 0.97. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58. The firm’s 50 day simple moving average is $79.96 and its 200-day simple moving average is $82.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data 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 firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. Analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. Canadian Pacific Kansas City’s payout ratio is 17.95%.

Canadian Pacific Kansas City Profile

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.