Pinnacle Wealth Planning Services Inc. Sells 1,697 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Pinnacle Wealth Planning Services Inc. trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,543 shares of the transportation company’s stock after selling 1,697 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Canadian Pacific Kansas City were worth $763,000 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. Raymond James Financial Inc. bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at about $74,168,000. Aigen Investment Management LP bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at about $314,000. Proficio Capital Partners LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at about $2,602,000. Keybank National Association OH increased its stake in Canadian Pacific Kansas City by 0.9% during the fourth quarter. Keybank National Association OH now owns 42,214 shares of the transportation company’s stock valued at $3,055,000 after acquiring an additional 366 shares during the period. Finally, Nicola Wealth Management LTD. bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at about $8,815,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CP. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Wolfe Research raised 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 report on Wednesday, January 8th. Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company decreased their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Stephens boosted their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $76.88 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a 50 day moving average price of $76.60 and a 200 day moving average price of $78.51. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The stock has a market capitalization of $71.78 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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%. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 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.