IHT Wealth Management LLC Purchases 1,755 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

IHT Wealth Management LLC grew its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.5% in the third quarter, HoldingsChannel.com reports. The fund owned 15,754 shares of the transportation company’s stock after buying an additional 1,755 shares during the quarter. IHT Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $1,344,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CP. Cetera Investment Advisers lifted its position in Canadian Pacific Kansas City by 272.0% during the 1st quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock worth $4,874,000 after buying an additional 40,380 shares in the last quarter. CWM LLC lifted its position in shares of Canadian Pacific Kansas City by 7.3% during the second quarter. CWM LLC now owns 7,073 shares of the transportation company’s stock worth $557,000 after purchasing an additional 481 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 49.5% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 20,981 shares of the transportation company’s stock valued at $1,652,000 after purchasing an additional 6,949 shares during the last quarter. OLD National Bancorp IN increased its holdings in shares of Canadian Pacific Kansas City by 3.8% in the second quarter. OLD National Bancorp IN now owns 7,585 shares of the transportation company’s stock valued at $597,000 after purchasing an additional 277 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its position in Canadian Pacific Kansas City by 10.4% in the 2nd quarter. Diversify Advisory Services LLC now owns 3,397 shares of the transportation company’s stock worth $267,000 after purchasing an additional 320 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CP has been the topic of a number of recent research reports. Citigroup decreased their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Evercore ISI raised their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Barclays boosted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Bank of America reduced their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Stephens dropped their price target on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $94.88.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $76.36 on Friday. 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 12-month low of $72.22 and a 12-month high of $91.58. The firm has a fifty day moving average of $78.50 and a 200-day moving average of $80.09. The firm has a market capitalization of $71.27 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 2.24 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The business 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%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. On average, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business 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 dividend of $0.14 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.00%.

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.