Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 25.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 39,053 shares of the transportation company’s stock after purchasing an additional 8,002 shares during the quarter. Cerity Partners LLC’s holdings in Canadian Pacific Kansas City were worth $3,087,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CP. Financial Counselors Inc. raised its holdings in Canadian Pacific Kansas City by 10.5% in the fourth quarter. Financial Counselors Inc. now owns 142,301 shares of the transportation company’s stock valued at $11,250,000 after buying an additional 13,466 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Canadian Pacific Kansas City by 17.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 1,707 shares of the transportation company’s stock valued at $136,000 after acquiring an additional 250 shares during the period. Executive Wealth Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 25.1% during the 4th quarter. Executive Wealth Management LLC now owns 21,830 shares of the transportation company’s stock valued at $1,726,000 after acquiring an additional 4,385 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Canadian Pacific Kansas City by 7.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,970 shares of the transportation company’s stock worth $867,000 after purchasing an additional 775 shares during the period. Finally, Baillie Gifford & Co. increased its holdings in Canadian Pacific Kansas City by 24.3% in the 4th quarter. Baillie Gifford & Co. now owns 1,857,767 shares of the transportation company’s stock valued at $147,708,000 after purchasing an additional 363,780 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.4 %

NYSE:CP opened at $83.92 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market capitalization of $78.27 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The stock has a 50-day simple moving average of $87.15 and a 200 day simple moving average of $79.31.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.21 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.67%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is currently 17.83%.

Analysts Set New Price Targets

A number of brokerages have commented on CP. Barclays boosted their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Susquehanna Bancshares lowered Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $90.00 to $87.00 in a research report on Monday, January 8th. JPMorgan Chase & Co. lowered their price objective on shares of Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. TD Securities lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $95.29.

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.