Delta Investment Management LLC Sells 650 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Delta Investment Management LLC trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,991 shares of the transportation company’s stock after selling 650 shares during the period. Delta Investment Management LLC’s holdings in Canadian Pacific Kansas City were worth $316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 4.1% during the third quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock valued at $265,000 after purchasing an additional 141 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock worth $3,802,000 after acquiring an additional 148 shares in the last quarter. FirstPurpose Wealth LLC boosted its holdings in shares of Canadian Pacific Kansas City by 4.7% in the 3rd quarter. FirstPurpose Wealth LLC now owns 3,399 shares of the transportation company’s stock worth $253,000 after acquiring an additional 154 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of Canadian Pacific Kansas City by 0.4% in the 3rd quarter. Keybank National Association OH now owns 42,155 shares of the transportation company’s stock worth $3,137,000 after acquiring an additional 159 shares in the last quarter. Finally, Fortune Financial Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City by 1.5% in the 3rd quarter. Fortune Financial Advisors LLC now owns 11,092 shares of the transportation company’s stock worth $825,000 after acquiring an additional 161 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CP has been the topic of several research reports. TD Securities downgraded Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Evercore ISI reduced their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday. Bank of America reduced their price objective on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday. Evercore dropped their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded down $0.41 during trading hours on Friday, hitting $81.68. The company had a trading volume of 1,717,833 shares, compared to its average volume of 1,899,530. The firm has a market cap of $76.18 billion, a PE ratio of 26.17, a PEG ratio of 2.12 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The firm has a 50-day moving average of $87.04 and a 200 day moving average of $79.80.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.18 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders 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 dividend yield of 0.69%. 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.