Kestra Private Wealth Services LLC Buys 745 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Kestra Private Wealth Services LLC lifted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,502 shares of the transportation company’s stock after purchasing an additional 745 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Canadian Pacific Kansas City were worth $1,411,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CP. National Bank of Canada FI lifted its position in Canadian Pacific Kansas City by 84.4% in the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock worth $251,778,000 after buying an additional 1,348,474 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Canadian Pacific Kansas City by 36.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company’s stock worth $245,403,000 after buying an additional 769,202 shares during the period. Point72 Asset Management L.P. bought a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at about $63,179,000. Caisse DE Depot ET Placement DU Quebec boosted its position in Canadian Pacific Kansas City by 39.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company’s stock valued at $172,132,000 after buying an additional 565,783 shares during the period. Finally, Franklin Resources Inc. grew its stake in Canadian Pacific Kansas City by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after acquiring an additional 537,418 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $77.86 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The company has a market cap of $72.69 billion, a P/E ratio of 26.85, a PEG ratio of 2.02 and a beta of 0.97. The firm’s 50 day moving average price is $75.63 and its 200 day moving average price is $78.71.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.93%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CP. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Barclays reduced their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Susquehanna dropped their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Stephens upped their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada increased their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

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.