Chesley Taft & Associates LLC Buys 3,749 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Chesley Taft & Associates LLC grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,856 shares of the transportation company’s stock after purchasing an additional 3,749 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Canadian Pacific Kansas City were worth $2,233,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Grove Bank & Trust increased its holdings in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $34,000. Asset Dedication LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $38,000. Finally, Kennebec Savings Bank bought a new position in Canadian Pacific Kansas City during the third quarter worth about $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

CP opened at $74.80 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58. The firm has a market cap of $69.83 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96. The business’s fifty day moving average is $74.64 and its 200-day moving average is $79.12.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.02 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 19.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays dropped 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 note on Friday. StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Susquehanna decreased their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Citigroup cut their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $92.63.

Canadian Pacific Kansas City 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.