Catalytic Wealth RIA LLC Boosts Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Catalytic Wealth RIA LLC grew its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 29.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,320 shares of the transportation company’s stock after buying an additional 1,876 shares during the period. Catalytic Wealth RIA LLC’s holdings in Canadian Pacific Kansas City were worth $734,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Independence Bank of Kentucky purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $43,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $45,000. Tobam acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $51,000. Rational Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $52,000. Finally, Partnership Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

CP has been the topic of several recent analyst reports. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Stifel Nicolaus upped their price objective on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Susquehanna restated a “neutral” rating and issued a $80.00 price objective on shares of Canadian Pacific Kansas City in a report on Tuesday, June 25th. Barclays decreased their price objective on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Finally, Evercore ISI decreased their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $95.70.

Canadian Pacific Kansas City Stock Up 0.1 %

Shares of Canadian Pacific Kansas City stock traded up $0.06 during trading on Monday, hitting $83.62. 1,112,521 shares of the stock were exchanged, compared to its average volume of 2,172,933. The stock has a market cap of $78.02 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 2.32 and a beta of 0.96. The firm’s 50-day moving average price is $79.68 and its 200 day moving average price is $82.54. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.16 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a $0.141 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

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.