Asset Allocation & Management Company LLC acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,618 shares of the transportation company’s stock, valued at approximately $262,000.
A number of other large investors have also added to or reduced their stakes in CP. Grove Bank & Trust raised its holdings in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares during the last quarter. Addison Advisors LLC raised its holdings in Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC bought a new position in Canadian Pacific Kansas City during the 3rd quarter worth approximately $34,000. Asset Dedication LLC bought a new position in Canadian Pacific Kansas City during the 3rd quarter worth approximately $38,000. Finally, Kennebec Savings Bank bought a new position in Canadian Pacific Kansas City during the 3rd quarter worth approximately $42,000. Institutional investors own 72.20% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently commented on CP shares. Stifel Nicolaus reduced their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Citigroup reduced their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Wells Fargo & Company reduced their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Susquehanna reduced their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.56.
Canadian Pacific Kansas City Stock Down 1.1 %
CP traded down $0.80 during mid-day trading on Monday, reaching $73.89. 716,686 shares of the stock were exchanged, compared to its average volume of 2,311,169. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a market capitalization of $68.97 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The company has a 50 day moving average price of $75.11 and a two-hundred day moving average price of $79.33. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current year.
Canadian Pacific Kansas City Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is presently 18.93%.
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.
Featured Stories
- Five stocks we like better than Canadian Pacific Kansas City
- What Are Dividend Champions? How to Invest in the Champions
- Rigetti Computing, Inc.: Buy, Sell, or Hold for 2025
- How to Calculate Stock Profit
- Delta Can Fly to New Highs in 2025; Here’s Why
- Investing In Automotive Stocks
- Snowflake Stock: Bullish Upgrades Demand Investors’ Attention
Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP).
Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter.