Orion Portfolio Solutions LLC Has $12.96 Million Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Orion Portfolio Solutions LLC reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,187 shares of the transportation company’s stock after selling 29,792 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Canadian Pacific Kansas City were worth $12,956,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Sands Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $31,000. Anchor Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $40,000. Independence Bank of Kentucky acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $43,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $45,000. Finally, Partnership Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $52,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. StockNews.com raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Bank of America decreased their price objective on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Evercore decreased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Raymond James raised their target price on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Twelve investment 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.com, the stock currently has an average rating of “Hold” and an average price target of $96.67.

Canadian Pacific Kansas City Stock Performance

CP stock traded up $0.55 during midday trading on Friday, reaching $79.83. 4,585,295 shares of the company were exchanged, compared to its average volume of 2,263,807. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. The business has a 50-day moving average price of $84.41 and a two-hundred day moving average price of $81.08. 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 market capitalization of $74.46 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.25 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.14 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Canadian Pacific Kansas City Profile

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.