Founders Grove Wealth Partners LLC Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Founders Grove Wealth Partners LLC bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,548 shares of the transportation company’s stock, valued at approximately $257,000.

Several other large investors have also recently made changes to their positions in CP. Private Advisor Group LLC increased its holdings in shares of Canadian Pacific Kansas City by 11.5% in the second quarter. Private Advisor Group LLC now owns 10,918 shares of the transportation company’s stock worth $860,000 after purchasing an additional 1,130 shares during the last quarter. Citizens Financial Group Inc. RI bought a new stake in shares of Canadian Pacific Kansas City in the second quarter worth about $229,000. Wulff Hansen & CO. increased its holdings in shares of Canadian Pacific Kansas City by 8,261.4% in the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock worth $74,282,000 after purchasing an additional 932,216 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in shares of Canadian Pacific Kansas City by 3.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock worth $355,000 after purchasing an additional 131 shares during the last quarter. Finally, Lingotto Investment Management LLP increased its holdings in shares of Canadian Pacific Kansas City by 32.5% in the second quarter. Lingotto Investment Management LLP now owns 131,608 shares of the transportation company’s stock worth $10,361,000 after purchasing an additional 32,315 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Up 0.6 %

Shares of NYSE CP opened at $74.21 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a market capitalization of $69.28 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 2.26 and a beta of 0.96. The stock has a 50 day moving average price of $74.92 and a 200 day moving average price of $79.26. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, December 27th. This is an increase 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 0.75%. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.93%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays boosted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Stifel Nicolaus reduced their price objective on 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. Susquehanna reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Stephens raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $81.00 to $88.00 in a research note on Monday, January 6th. Finally, Evercore ISI boosted their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $93.56.

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.