Schechter Investment Advisors LLC Sells 581 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Schechter Investment Advisors LLC lessened its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,456 shares of the transportation company’s stock after selling 581 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $323,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Crestwood Advisors Group LLC acquired a new position in Canadian Pacific Kansas City in the third quarter worth about $227,000. Marks Group Wealth Management Inc grew its stake in shares of Canadian Pacific Kansas City by 5.0% in the 3rd quarter. Marks Group Wealth Management Inc now owns 86,427 shares of the transportation company’s stock valued at $7,393,000 after purchasing an additional 4,113 shares during the period. Harvest Portfolios Group Inc. raised its holdings in shares of Canadian Pacific Kansas City by 11.9% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 15,344 shares of the transportation company’s stock worth $1,312,000 after buying an additional 1,632 shares in the last quarter. M&G PLC lifted its position in shares of Canadian Pacific Kansas City by 13.6% during the 3rd quarter. M&G PLC now owns 204,677 shares of the transportation company’s stock worth $17,595,000 after buying an additional 24,517 shares during the period. Finally, Forte Capital LLC ADV boosted its stake in Canadian Pacific Kansas City by 2.4% in the 3rd quarter. Forte Capital LLC ADV now owns 7,415 shares of the transportation company’s stock valued at $634,000 after buying an additional 173 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Citigroup increased their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company cut their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Wednesday, January 8th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $76.88 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58. The stock has a market capitalization of $71.78 billion, a P/E ratio of 26.51, a P/E/G ratio of 2.00 and a beta of 0.98. The business has a 50-day moving average price of $76.60 and a two-hundred day moving average price of $78.51.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.93%.

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.