Wealth Alliance Purchases 269 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Wealth Alliance raised its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,807 shares of the transportation company’s stock after purchasing an additional 269 shares during the period. Wealth Alliance’s holdings in Canadian Pacific Kansas City were worth $933,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Stonebridge Capital Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 750.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after buying an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $29,000. Sands Capital Management LLC purchased a new position in Canadian Pacific Kansas City in the third quarter worth approximately $31,000. AdvisorNet Financial Inc grew its position in Canadian Pacific Kansas City by 452.1% in the third quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock worth $39,000 after acquiring an additional 425 shares during the period. Finally, Fortis Capital Advisors LLC purchased a new position in Canadian Pacific Kansas City in the first quarter worth approximately $39,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CP. Barclays increased their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Jefferies Financial Group started coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 price target on the stock. TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, April 10th. Finally, StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $95.29.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $84.27 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $78.59 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 2.19 and a beta of 0.94. The firm’s 50 day moving average is $87.17 and its 200-day moving average is $79.28. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.21 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.57 annualized dividend and a yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.83%.

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.