Simplicity Solutions LLC Sells 664 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Simplicity Solutions LLC cut its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,147 shares of the transportation company’s stock after selling 664 shares during the quarter. Simplicity Solutions LLC’s holdings in Canadian Pacific Kansas City were worth $328,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Stonebridge Capital Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 750.0% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock worth $25,000 after acquiring an additional 300 shares during the last quarter. Sands Capital Management LLC bought a new position in shares of Canadian Pacific Kansas City during the third quarter worth about $31,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City during the third quarter worth about $29,000. Anchor Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $40,000. Finally, Fortis Capital Advisors LLC bought a new position in shares of Canadian Pacific Kansas City during the first quarter worth about $39,000. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CP shares. Bank of America raised their price objective on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Susquehanna Bancshares downgraded Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $90.00 to $87.00 in a research report on Monday, January 8th. Barclays raised their target price on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Susquehanna decreased their target price on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. Finally, Jefferies Financial Group started coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.29.

Canadian Pacific Kansas City Trading Up 0.9 %

Shares of Canadian Pacific Kansas City stock opened at $84.67 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The stock has a 50 day moving average price of $87.10 and a two-hundred day moving average price of $79.42. The stock has a market capitalization of $78.96 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 2.15 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.21 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be given a dividend of $0.1415 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.57 annualized dividend and a dividend yield of 0.67%. Canadian Pacific Kansas City’s payout ratio is presently 17.83%.

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.