Waverton Investment Management Ltd Purchases 352 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Waverton Investment Management Ltd boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,305 shares of the transportation company’s stock after acquiring an additional 352 shares during the period. Waverton Investment Management Ltd’s holdings in Canadian Pacific Kansas City were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Dover Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 45.6% during the fourth quarter. Dover Advisors LLC now owns 9,455 shares of the transportation company’s stock worth $684,000 after purchasing an additional 2,961 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth $408,000. Union Bancaire Privee UBP SA acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $1,429,000. TCW Group Inc. raised its stake in Canadian Pacific Kansas City by 116.8% in the fourth quarter. TCW Group Inc. now owns 183,220 shares of the transportation company’s stock valued at $13,260,000 after buying an additional 98,719 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $44,008,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CP has been the topic of several recent analyst reports. Barclays cut their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Citigroup upped their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. 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. Stifel Nicolaus cut their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Finally, Royal Bank of Canada lifted their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $77.32 on Monday. The firm has a market cap of $72.19 billion, a PE ratio of 26.66, a P/E/G ratio of 2.00 and a beta of 0.97. The business has a 50-day moving average price of $76.02 and a 200 day moving average price of $78.60. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced 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%. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 18.62%.

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.