Kestra Private Wealth Services LLC Purchases 745 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Kestra Private Wealth Services LLC increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,502 shares of the transportation company’s stock after buying an additional 745 shares during the period. Kestra Private Wealth Services LLC’s holdings in Canadian Pacific Kansas City were worth $1,411,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CP. Pelham Capital Ltd. bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $13,085,000. Wilmington Savings Fund Society FSB increased its stake in shares of Canadian Pacific Kansas City by 23.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 28,812 shares of the transportation company’s stock worth $2,085,000 after purchasing an additional 5,449 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 1.7% in the 4th quarter. Apollon Wealth Management LLC now owns 13,170 shares of the transportation company’s stock worth $953,000 after purchasing an additional 225 shares during the period. Triasima Portfolio Management inc. purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $2,194,000. Finally, Golden State Wealth Management LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at $128,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Down 0.7 %

CP stock opened at $77.86 on Thursday. The company has a market capitalization of $72.69 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97. 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’s 50 day moving average price is $75.63 and its two-hundred day moving average price is $78.71. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (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, analysts forecast that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CP. Susquehanna dropped their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Stephens lifted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.45.

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.