Nicholas Hoffman & Company LLC. Invests $211,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

Nicholas Hoffman & Company LLC. purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,395 shares of the transportation company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 15.6% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 14,803 shares of the transportation company’s stock valued at $1,102,000 after buying an additional 2,000 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 4.1% during the third quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock valued at $265,000 after acquiring an additional 141 shares during the last quarter. Covenant Partners LLC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter worth $1,532,000. Sunesis Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the third quarter worth $206,000. Finally, PDS Planning Inc increased its holdings in Canadian Pacific Kansas City by 6.1% in the third quarter. PDS Planning Inc now owns 4,326 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 248 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on CP shares. Bank of America cut their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Evercore ISI cut their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Stifel Nicolaus lowered their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Finally, Raymond James lifted their target price on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.42.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP traded down $2.42 during midday trading on Tuesday, reaching $78.43. The company had a trading volume of 2,479,830 shares, compared to its average volume of 2,126,160. The stock has a market cap of $73.15 billion, a P/E ratio of 25.14, a P/E/G ratio of 2.31 and a beta of 0.94. The company’s 50 day moving average price is $86.82 and its 200 day moving average price is $80.00. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its 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, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.16 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. Canadian Pacific Kansas City’s payout ratio is presently 17.95%.

Canadian Pacific Kansas City 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.