Canadian Pacific Kansas City Limited (NYSE:CP) Position Increased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,693 shares of the transportation company’s stock after buying an additional 6,266 shares during the period. Marks Group Wealth Management Inc’s holdings in Canadian Pacific Kansas City were worth $6,708,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sovran Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $244,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $34,000. Summit Trail Advisors LLC boosted its position in Canadian Pacific Kansas City by 3.7% during the fourth quarter. Summit Trail Advisors LLC now owns 18,728 shares of the transportation company’s stock valued at $1,355,000 after purchasing an additional 668 shares during the last quarter. Equitable Trust Co. bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $3,543,000. Finally, Quilter Plc grew its position in Canadian Pacific Kansas City by 10.9% in the fourth quarter. Quilter Plc now owns 1,203,968 shares of the transportation company’s stock worth $87,062,000 after acquiring an additional 118,753 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on CP shares. Barclays decreased their price target on 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. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Bank of America cut their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Citigroup raised their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Two investment 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 company has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Trading Up 0.3 %

Shares of CP stock opened at $78.36 on Wednesday. The stock has a market cap of $73.15 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 2.02 and a beta of 0.97. The firm has a fifty day moving average of $75.57 and a 200-day moving average of $78.73. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating 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, equities 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 disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.67%. Canadian Pacific Kansas City’s payout ratio is presently 18.62%.

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.