Canadian Pacific Kansas City Limited (NYSE:CP) Stake Raised by Tower View Wealth Management LLC

Tower View Wealth Management LLC raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,550 shares of the transportation company’s stock after acquiring an additional 130 shares during the quarter. Canadian Pacific Kansas City makes up 2.4% of Tower View Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. Tower View Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $4,410,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CP. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Canadian Pacific Kansas City by 42.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 80,748 shares of the transportation company’s stock worth $7,120,000 after acquiring an additional 24,063 shares in the last quarter. Chapin Davis Inc. acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at about $449,000. Allspring Global Investments Holdings LLC grew its stake in shares of Canadian Pacific Kansas City by 28.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 590,411 shares of the transportation company’s stock valued at $52,057,000 after buying an additional 131,759 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. increased its holdings in Canadian Pacific Kansas City by 1.8% in the first quarter. Dixon Mitchell Investment Counsel Inc. now owns 232,543 shares of the transportation company’s stock worth $20,556,000 after buying an additional 4,066 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Canadian Pacific Kansas City by 0.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,229,212 shares of the transportation company’s stock valued at $196,672,000 after acquiring an additional 13,727 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CP has been the subject of several analyst reports. Barclays boosted their target price 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. Sanford C. Bernstein lowered their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI boosted their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Finally, Citigroup increased their price objective on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of $95.09.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $77.47 on Monday. The business has a fifty day moving average of $82.86 and a 200-day moving average of $81.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. Canadian Pacific Kansas City Limited has a twelve month low of $69.08 and a twelve month high of $91.58. The firm has a market cap of $72.28 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, December 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is 17.95%.

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.