Gold Investment Management Ltd. Grows Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Gold Investment Management Ltd. lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,276 shares of the transportation company’s stock after buying an additional 750 shares during the period. Canadian Pacific Kansas City makes up about 2.4% of Gold Investment Management Ltd.’s investment portfolio, making the stock its 5th largest holding. Gold Investment Management Ltd.’s holdings in Canadian Pacific Kansas City were worth $5,739,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $34,000. Kestra Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $33,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $34,000. YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth approximately $36,000. Finally, Spire Wealth Management acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth approximately $44,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Up 3.5 %

Shares of Canadian Pacific Kansas City stock opened at $75.27 on Monday. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $90.64. The company has a market cap of $70.28 billion, a P/E ratio of 25.96, a P/E/G ratio of 2.00 and a beta of 0.98. 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 50-day moving average price of $76.92 and a 200 day moving average price of $78.19.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders 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 dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Wall Street Analyst Weigh In

CP has been the topic of several research analyst reports. Barclays lowered their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. 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 report on Tuesday, January 7th. Stifel Nicolaus reduced their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus 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.