Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by RFG Advisory LLC

RFG Advisory LLC increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,602 shares of the transportation company’s stock after purchasing an additional 176 shares during the quarter. RFG Advisory LLC’s holdings in Canadian Pacific Kansas City were worth $534,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 381,594 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $44,000. Stratos Wealth Partners LTD. boosted its position in shares of Canadian Pacific Kansas City by 3.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 7,465 shares of the transportation company’s stock worth $540,000 after acquiring an additional 226 shares in the last quarter. YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $36,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $128,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CP has been the subject of several analyst reports. Stifel Nicolaus lowered their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Citigroup reduced their target price on Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Bank of America boosted their target price on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, Argus set a $90.00 target price on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.66.

Canadian Pacific Kansas City Trading Up 0.0%

Shares of CP stock opened at $81.88 on Friday. The business’s 50 day moving average is $75.86 and its two-hundred day moving average is $75.61. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The company has a market capitalization of $76.19 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. 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 announced its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted $0.93 EPS. The company’s revenue was up 8.0% on a year-over-year basis. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City’s dividend payout ratio is 22.30%.

Canadian Pacific Kansas City Company 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.