Wealthcare Advisory Partners LLC Has $2.20 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Wealthcare Advisory Partners LLC boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 358.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,921 shares of the transportation company’s stock after purchasing an additional 19,489 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Canadian Pacific Kansas City were worth $2,197,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. YCG LLC boosted its position in shares of Canadian Pacific Kansas City by 32.5% during the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after purchasing an additional 91,276 shares in the last quarter. JARISLOWSKY FRASER Ltd lifted its position in Canadian Pacific Kansas City by 63.6% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock valued at $7,127,000 after acquiring an additional 34,856 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Canadian Pacific Kansas City by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock worth $7,606,000 after buying an additional 12,748 shares in the last quarter. Element Capital Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $7,815,000. Finally, Meritage Group LP bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $207,850,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CP shares. Evercore decreased their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Bank of America lowered their price target on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Jefferies Financial Group assumed coverage on shares of Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a “buy” rating and a $105.00 price objective on the stock. Raymond James boosted their price objective on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Finally, Susquehanna reiterated a “neutral” rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a research report on Tuesday. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $96.32.

Canadian Pacific Kansas City Price Performance

CP traded up $0.15 during trading on Thursday, hitting $79.84. 372,869 shares of the company traded hands, compared to its average volume of 2,191,669. The company has a market cap of $74.48 billion, a PE ratio of 25.54, a P/E/G ratio of 2.25 and a beta of 0.97. The stock’s 50-day simple moving average is $80.04 and its two-hundred day simple moving average is $82.10. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. 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 (NYSE:CP) (TSE:CP) last posted 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 return on equity of 8.48% and a net margin of 28.27%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.14 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.95%.

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.