4,898 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Bought by PFG Investments LLC

PFG Investments LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,898 shares of the transportation company’s stock, valued at approximately $432,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in Canadian Pacific Kansas City by 12.1% during the first quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock valued at $108,000 after buying an additional 133 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 4.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock worth $265,000 after purchasing an additional 141 shares during the last quarter. Commerce Bank lifted its position in shares of Canadian Pacific Kansas City by 0.3% during the 4th quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock worth $4,393,000 after purchasing an additional 144 shares during the last quarter. Accretive Wealth Partners LLC lifted its position in shares of Canadian Pacific Kansas City by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock worth $753,000 after purchasing an additional 145 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Canadian Pacific Kansas City by 0.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock worth $3,802,000 after purchasing an additional 148 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CP. Barclays boosted their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Susquehanna cut their price objective on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a “buy” rating and a $105.00 price objective for the company. Evercore ISI lowered their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $96.42.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded down $2.42 during trading hours on Tuesday, hitting $78.43. The company had a trading volume of 2,479,830 shares, compared to its average volume of 2,126,160. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58. The firm has a market capitalization of $73.15 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 2.31 and a beta of 0.94. The firm’s fifty day moving average is $86.82 and its 200 day moving average is $80.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.16 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a $0.141 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

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.