1620 Investment Advisors Inc. Invests $99,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

1620 Investment Advisors Inc. purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,367 shares of the transportation company’s stock, valued at approximately $99,000.

Several other institutional investors have also modified their holdings of CP. Smartleaf Asset Management LLC raised its holdings in Canadian Pacific Kansas City by 18.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company’s stock valued at $60,000 after buying an additional 133 shares during the period. Pinnacle Bancorp Inc. raised its holdings in Canadian Pacific Kansas City by 13.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock valued at $90,000 after buying an additional 150 shares during the period. Wiser Advisor Group LLC raised its holdings in Canadian Pacific Kansas City by 9.5% in the 4th quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company’s stock valued at $125,000 after buying an additional 150 shares during the period. BKM Wealth Management LLC raised its holdings in Canadian Pacific Kansas City by 2.2% in the 4th quarter. BKM Wealth Management LLC now owns 7,267 shares of the transportation company’s stock valued at $526,000 after buying an additional 158 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Canadian Pacific Kansas City by 12.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company’s stock valued at $118,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CP. Susquehanna reduced their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Stephens lifted their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Wells Fargo & Company dropped their target price on 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. Finally, Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $71.83 on Friday. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $90.56. The company has a market cap of $67.07 billion, a PE ratio of 24.77, a P/E/G ratio of 2.00 and a beta of 0.98. 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 business has a 50-day simple moving average of $76.69 and a 200-day simple moving average of $77.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 3.42 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, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 17.93%.

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.