Legacy Capital Wealth Partners LLC Acquires 5,014 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Legacy Capital Wealth Partners LLC increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 91.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,516 shares of the transportation company’s stock after buying an additional 5,014 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Canadian Pacific Kansas City were worth $900,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CP. Grove Bank & Trust lifted its position in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares during the last quarter. LRI Investments LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter valued at approximately $32,000. Chris Bulman Inc acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $35,000. Asset Dedication LLC purchased a new position in Canadian Pacific Kansas City in the third quarter worth $38,000. Finally, ORG Partners LLC acquired a new position in shares of Canadian Pacific Kansas City during the second quarter worth $39,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CP shares. Stephens cut their price objective on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and cut their price target for the company from $94.00 to $92.00 in a research note on Thursday, October 24th. Jefferies Financial Group lowered their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Evercore ISI upped 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. Finally, Bank of America lowered their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $94.15.

Canadian Pacific Kansas City Stock Performance

CP opened at $77.59 on Friday. The firm’s fifty day simple moving average is $82.18 and its two-hundred day simple moving average is $80.86. Canadian Pacific Kansas City Limited has a 52-week low of $69.08 and a 52-week high of $91.58. The company has a market cap of $72.42 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 2.33 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. Canadian Pacific Kansas City’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.14 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio is presently 19.64%.

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.