Canadian Pacific Kansas City Limited (NYSE:CP) Holdings Decreased by Atria Wealth Solutions Inc.

Posted by Defense World Staff on Sep 19th, 2023

Atria Wealth Solutions Inc. reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,130 shares of the transportation company’s stock after selling 132 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Canadian Pacific Kansas City were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Wealth Asset Management LLC grew its stake in Canadian Pacific Kansas City by 0.8% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 16,119 shares of the transportation company’s stock worth $1,240,000 after buying an additional 127 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Canadian Pacific Kansas City by 2.4% in the first quarter. Wedbush Securities Inc. now owns 5,491 shares of the transportation company’s stock worth $423,000 after purchasing an additional 128 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of Canadian Pacific Kansas City by 4.4% in the first quarter. Arkadios Wealth Advisors now owns 3,148 shares of the transportation company’s stock worth $242,000 after purchasing an additional 132 shares in the last quarter. OLD National Bancorp IN grew its stake in shares of Canadian Pacific Kansas City by 1.5% in the first quarter. OLD National Bancorp IN now owns 9,524 shares of the transportation company’s stock worth $733,000 after purchasing an additional 139 shares in the last quarter. Finally, Mitchell Capital Management Co. grew its stake in shares of Canadian Pacific Kansas City by 1.1% in the fourth quarter. Mitchell Capital Management Co. now owns 13,170 shares of the transportation company’s stock worth $982,000 after purchasing an additional 143 shares in the last quarter. 67.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CP has been the subject of several recent analyst reports. Credit Suisse Group increased their price target on Canadian Pacific Kansas City from $87.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. Morgan Stanley initiated coverage on Canadian Pacific Kansas City in a research note on Tuesday, September 5th. They issued an “equal weight” rating and a $100.00 price target for the company. StockNews.com started coverage on Canadian Pacific Kansas City in a research note on Thursday, August 17th. They issued a “hold” rating for the company. The Goldman Sachs Group started coverage on Canadian Pacific Kansas City in a report on Tuesday, June 6th. They issued a “buy” rating for the company. Finally, CSFB upped their price objective on Canadian Pacific Kansas City from $87.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. Six equities 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, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $92.87.

View Our Latest Stock Analysis on CP

Canadian Pacific Kansas City Trading Down 0.9 %

Shares of NYSE CP opened at $79.18 on Tuesday. Canadian Pacific Kansas City Limited has a 12 month low of $65.17 and a 12 month high of $85.40. The company has a market cap of $73.76 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 2.80 and a beta of 1.01. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $79.91 and a 200-day simple moving average of $78.85.

Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.07). The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.47 billion. Canadian Pacific Kansas City had a net margin of 41.92% and a return on equity of 8.92%. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 2.9 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be given a dividend of $0.1437 per share. This represents a $0.57 annualized dividend and a yield of 0.73%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, September 28th. Canadian Pacific Kansas City’s payout ratio is presently 16.57%.

Canadian Pacific Kansas City Profile

(Free Report)

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.