RFG Advisory LLC Grows Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

RFG Advisory LLC grew its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,602 shares of the transportation company’s stock after acquiring an additional 176 shares during the quarter. RFG Advisory LLC’s holdings in Canadian Pacific Kansas City were worth $534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $2,602,000. Phraction Management LLC lifted its position in Canadian Pacific Kansas City by 53.6% during the fourth quarter. Phraction Management LLC now owns 13,306 shares of the transportation company’s stock worth $963,000 after buying an additional 4,641 shares in the last quarter. Gallo Partners LP purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth approximately $4,373,000. JPMorgan Chase & Co. lifted its position in Canadian Pacific Kansas City by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after buying an additional 381,594 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Canadian Pacific Kansas City by 34.4% during the fourth quarter. LPL Financial LLC now owns 258,075 shares of the transportation company’s stock worth $18,677,000 after buying an additional 66,125 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CP shares. Susquehanna lifted their price objective on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a “positive” rating in a research report on Thursday, May 1st. Bank of America lifted their price objective on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Barclays reduced their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Finally, Evercore ISI reduced their price objective on Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.66.

Canadian Pacific Kansas City Trading Up 0.0%

Shares of NYSE CP opened at $81.88 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $75.86 and a 200-day simple moving average of $75.61. The stock has a market capitalization of $76.19 billion, a PE ratio of 28.23, a PEG ratio of 2.00 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a $0.1644 dividend. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. Canadian Pacific Kansas City’s payout ratio is presently 22.30%.

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.