Catalytic Wealth RIA LLC Purchases 1,876 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Catalytic Wealth RIA LLC increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 29.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,320 shares of the transportation company’s stock after acquiring an additional 1,876 shares during the period. Catalytic Wealth RIA LLC’s holdings in Canadian Pacific Kansas City were worth $734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Delta Investment Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 3.2% in the 1st quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock valued at $363,000 after acquiring an additional 126 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Canadian Pacific Kansas City by 12.1% in the 1st quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 133 shares during the last quarter. Commerce Bank lifted its stake in shares of Canadian Pacific Kansas City by 0.3% in the 4th quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock valued at $4,393,000 after acquiring an additional 144 shares during the last quarter. Accretive Wealth Partners LLC lifted its stake in shares of Canadian Pacific Kansas City by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after acquiring an additional 145 shares during the last quarter. Finally, PDS Planning Inc lifted its stake in shares of Canadian Pacific Kansas City by 4.3% in the 1st quarter. PDS Planning Inc now owns 3,946 shares of the transportation company’s stock valued at $348,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

CP has been the subject of a number of recent research reports. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Wells Fargo & Company started coverage on Canadian Pacific Kansas City in a research report on Friday, June 7th. They set an “overweight” rating and a $90.00 price target for the company. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Jefferies Financial Group lowered their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Sanford C. Bernstein upped their price target on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research report on Monday, July 8th. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $95.70.

Canadian Pacific Kansas City Price Performance

CP stock traded up $0.06 during trading on Monday, reaching $83.62. The company’s stock had a trading volume of 1,112,521 shares, compared to its average volume of 2,172,933. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $78.02 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 2.32 and a beta of 0.96. The company’s fifty day moving average is $79.68 and its 200-day moving average is $82.54.

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). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.16 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.141 per share. 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 0.67%. Canadian Pacific Kansas City’s payout ratio is 17.95%.

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.