Executive Wealth Management LLC Acquires 2,113 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Executive Wealth Management LLC lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,819 shares of the transportation company’s stock after acquiring an additional 2,113 shares during the period. Executive Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $3,064,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CP. Fiera Capital Corp grew its position in Canadian Pacific Kansas City by 1.9% in the 3rd quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company’s stock valued at $497,918,000 after purchasing an additional 107,183 shares during the period. AIA Group Ltd grew its holdings in shares of Canadian Pacific Kansas City by 1.7% during the third quarter. AIA Group Ltd now owns 67,227 shares of the transportation company’s stock valued at $5,751,000 after buying an additional 1,098 shares during the last quarter. Hudson Value Partners LLC increased its position in shares of Canadian Pacific Kansas City by 2.3% during the third quarter. Hudson Value Partners LLC now owns 55,796 shares of the transportation company’s stock worth $4,778,000 after acquiring an additional 1,259 shares in the last quarter. Portside Wealth Group LLC lifted its position in Canadian Pacific Kansas City by 5.7% in the 3rd quarter. Portside Wealth Group LLC now owns 7,685 shares of the transportation company’s stock valued at $657,000 after acquiring an additional 414 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its stake in Canadian Pacific Kansas City by 1.7% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 91,751 shares of the transportation company’s stock valued at $7,848,000 after purchasing an additional 1,564 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Trading Down 1.6 %

Shares of CP stock opened at $77.58 on Friday. The business has a 50-day moving average price of $82.18 and a two-hundred day moving average price of $80.86. Canadian Pacific Kansas City Limited has a 12-month low of $69.08 and a 12-month high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a market cap of $72.41 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 2.32 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.06 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. Stockholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 19.64%.

Analyst Ratings Changes

CP has been the subject of several recent research reports. Stifel Nicolaus decreased their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Citigroup upped their target price on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Bank of America dropped their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and reduced their target price for the company from $94.00 to $92.00 in a report on Thursday, October 24th. Finally, Sanford C. Bernstein cut their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $94.15.

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.