Lake Street Advisors Group LLC Has $216,000 Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Lake Street Advisors Group LLC cut its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,520 shares of the transportation company’s stock after selling 346 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Canadian Pacific Kansas City were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in Canadian Pacific Kansas City by 42.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 80,748 shares of the transportation company’s stock worth $7,120,000 after buying an additional 24,063 shares during the period. Chapin Davis Inc. bought a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $449,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Canadian Pacific Kansas City by 28.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 590,411 shares of the transportation company’s stock valued at $52,057,000 after buying an additional 131,759 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. grew its holdings in shares of Canadian Pacific Kansas City by 1.8% during the first quarter. Dixon Mitchell Investment Counsel Inc. now owns 232,543 shares of the transportation company’s stock valued at $20,556,000 after buying an additional 4,066 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Canadian Pacific Kansas City by 0.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,229,212 shares of the transportation company’s stock worth $196,672,000 after acquiring an additional 13,727 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CP. Bank of America cut their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and cut their target price for the company from $94.00 to $92.00 in a research report on Thursday. Citigroup upped their price target on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus cut their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Finally, Evercore ISI upped their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.09.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $77.11 on Monday. The company has a market capitalization of $71.95 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.21 and a beta of 0.96. The business has a fifty day simple moving average of $82.86 and a two-hundred day simple moving average of $81.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. Canadian Pacific Kansas City Limited has a 1 year low of $69.07 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.14 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.95%.

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.