Kestra Investment Management LLC Makes New $33,000 Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Kestra Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 459 shares of the transportation company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock worth $750,046,000 after purchasing an additional 381,594 shares during the last quarter. Franklin Resources Inc. boosted its stake in Canadian Pacific Kansas City by 9.7% during the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after purchasing an additional 537,418 shares during the last quarter. Fiera Capital Corp boosted its stake in Canadian Pacific Kansas City by 1.9% during the 3rd quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company’s stock worth $497,918,000 after purchasing an additional 107,183 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd boosted its stake in Canadian Pacific Kansas City by 1.7% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company’s stock worth $368,661,000 after purchasing an additional 85,542 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Canadian Pacific Kansas City by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company’s stock worth $373,540,000 after purchasing an additional 313,298 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 1.1 %

Shares of CP opened at $77.32 on Friday. The firm has a market cap of $72.19 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58. The company’s 50-day moving average price is $76.02 and its 200 day moving average price is $78.59. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 18.62%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CP shares. Citigroup lifted their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Susquehanna lowered 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 report on Wednesday, January 8th. Wells Fargo & Company lowered 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 lowered their price target on shares of 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 boosted their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.45.

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.