Rehmann Capital Advisory Group Makes New $205,000 Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Rehmann Capital Advisory Group bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,314 shares of the transportation company’s stock, valued at approximately $205,000.

Several other large investors have also modified their holdings of CP. ORG Partners LLC purchased a new position in Canadian Pacific Kansas City during the second quarter worth about $39,000. Blue Trust Inc. raised its stake in shares of Canadian Pacific Kansas City by 1,683.2% during the 2nd quarter. Blue Trust Inc. now owns 5,956 shares of the transportation company’s stock worth $469,000 after buying an additional 5,622 shares in the last quarter. TCW Group Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 32.4% in the 2nd quarter. TCW Group Inc. now owns 73,857 shares of the transportation company’s stock valued at $5,815,000 after buying an additional 18,053 shares during the period. Raymond James & Associates boosted its stake in shares of Canadian Pacific Kansas City by 1.5% in the second quarter. Raymond James & Associates now owns 778,881 shares of the transportation company’s stock valued at $61,321,000 after buying an additional 11,416 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Canadian Pacific Kansas City by 1.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 162,185 shares of the transportation company’s stock worth $12,769,000 after acquiring an additional 2,075 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CP. Stifel Nicolaus reduced their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Sanford C. Bernstein reduced their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Bank of America lowered their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Monday, December 9th. Finally, Barclays upped their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.88.

Canadian Pacific Kansas City Trading Down 0.4 %

Canadian Pacific Kansas City stock opened at $74.39 on Friday. The stock has a market cap of $69.44 billion, a PE ratio of 26.57, a P/E/G ratio of 2.26 and a beta of 0.96. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $77.48 and a 200 day moving average price of $79.87. Canadian Pacific Kansas City Limited has a 52 week low of $72.29 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the firm earned $0.69 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.00%.

Canadian Pacific Kansas City Company 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.