FSA Wealth Management LLC Invests $34,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

FSA Wealth Management LLC purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 400 shares of the transportation company’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CP. Grove Bank & Trust lifted its stake in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 130 shares during the period. Addison Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares during the last quarter. Chris Bulman Inc acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter worth about $35,000. Asset Dedication LLC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth about $38,000. Finally, ORG Partners LLC acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CP shares. Bank of America dropped their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their target price for the company from $94.00 to $92.00 in a research note on Thursday, October 24th. Stephens lowered their price target on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Finally, Sanford C. Bernstein reduced their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $94.88.

Canadian Pacific Kansas City Trading Up 1.6 %

Shares of CP opened at $76.59 on Monday. Canadian Pacific Kansas City Limited has a 52-week low of $71.08 and a 52-week high of $91.58. The stock has a market cap of $71.48 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 2.27 and a beta of 0.98. The firm’s fifty day moving average is $79.26 and its two-hundred day moving average is $80.23. 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 (NYSE:CP) (TSE:CP) last posted its quarterly earnings results 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 return on equity of 8.78% and a net margin of 24.50%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a $0.14 dividend. 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio is 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.