Transcend Capital Advisors LLC Raises Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Transcend Capital Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,149 shares of the transportation company’s stock after acquiring an additional 1,198 shares during the period. Transcend Capital Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $734,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bradley Foster & Sargent Inc. CT lifted its stake in Canadian Pacific Kansas City by 8.0% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 5,071 shares of the transportation company’s stock worth $367,000 after purchasing an additional 374 shares during the last quarter. Summerhill Capital Management lnc. boosted its holdings in shares of Canadian Pacific Kansas City by 1.1% in the 4th quarter. Summerhill Capital Management lnc. now owns 104,560 shares of the transportation company’s stock valued at $7,563,000 after buying an additional 1,111 shares during the period. Allianz Asset Management GmbH grew its position in shares of Canadian Pacific Kansas City by 7.4% during the 4th quarter. Allianz Asset Management GmbH now owns 851,854 shares of the transportation company’s stock valued at $61,647,000 after buying an additional 58,709 shares during the last quarter. Waterfront Wealth Inc. raised its stake in Canadian Pacific Kansas City by 1.6% during the fourth quarter. Waterfront Wealth Inc. now owns 23,070 shares of the transportation company’s stock worth $1,670,000 after acquiring an additional 355 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in Canadian Pacific Kansas City by 41.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,523 shares of the transportation company’s stock worth $255,000 after acquiring an additional 1,039 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

CP has been the subject of several recent research reports. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Stephens increased their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Wells Fargo & Company cut their target price on 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. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, Susquehanna dropped their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $77.32 on Friday. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm has a market capitalization 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 company’s 50 day simple moving average is $76.02 and its 200 day simple moving average is $78.59.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results 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 return on equity of 8.86% and a net margin of 25.51%. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis 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 currently 18.62%.

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.