Clearstead Trust LLC Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Clearstead Trust LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,237 shares of the transportation company’s stock, valued at approximately $467,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. AJOVista LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at $388,000. Legacy Financial Advisors Inc. increased its stake in Canadian Pacific Kansas City by 14.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 4,037 shares of the transportation company’s stock valued at $319,000 after purchasing an additional 503 shares during the last quarter. Knuff & Co LLC lifted its position in Canadian Pacific Kansas City by 131.5% during the fourth quarter. Knuff & Co LLC now owns 1,014 shares of the transportation company’s stock worth $80,000 after buying an additional 576 shares during the period. Malaga Cove Capital LLC purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth about $353,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Canadian Pacific Kansas City by 45.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,325 shares of the transportation company’s stock worth $185,000 after buying an additional 726 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.2 %

CP stock traded up $0.17 during midday trading on Friday, hitting $79.73. 2,008,908 shares of the company’s stock were exchanged, compared to its average volume of 2,302,688. The firm has a 50 day moving average price of $86.39 and a 200-day moving average price of $80.03. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The stock has a market capitalization of $74.36 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.25 and a beta of 0.96. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate 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, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.15 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Analysts Set New Price Targets

CP has been the topic of several recent analyst reports. Barclays increased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Susquehanna dropped their price objective on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Evercore ISI cut their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Susquehanna Bancshares cut Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $87.00 in a report on Monday, January 8th. Finally, StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $96.42.

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.