Okabena Investment Services Inc. Buys 1,132 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Okabena Investment Services Inc. increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,920 shares of the transportation company’s stock after purchasing an additional 1,132 shares during the period. Okabena Investment Services Inc.’s holdings in Canadian Pacific Kansas City were worth $935,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $33,000. FSA Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $34,000. Stonebridge Financial Group LLC bought a new position in Canadian Pacific Kansas City during the 4th quarter worth about $34,000. YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Finally, Millstone Evans Group LLC bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 3.1 %

Shares of NYSE CP opened at $69.31 on Friday. The firm has a 50 day moving average price of $76.45 and a two-hundred day moving average price of $77.53. The stock has a market cap of $64.72 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 52-week low of $69.28 and a 52-week high of $89.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates 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%. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 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, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.76%. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

Analyst Ratings Changes

A number of brokerages have recently commented on CP. Royal Bank of Canada boosted their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Susquehanna reduced their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a report on Thursday. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $94.95.

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.