Apollon Wealth Management LLC Acquires 225 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Apollon Wealth Management LLC increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,170 shares of the transportation company’s stock after acquiring an additional 225 shares during the period. Apollon Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $953,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Grove Bank & Trust grew its holdings in 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 purchasing an additional 130 shares during the period. Addison Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after acquiring an additional 279 shares during the period. FSA Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth $34,000. YANKCOM Partnership bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $36,000. Finally, Asset Dedication LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth $38,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on CP. Stephens raised their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Finally, Royal Bank of Canada increased their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Trading Up 0.3 %

NYSE CP opened at $78.36 on Wednesday. The stock’s 50-day simple moving average is $75.57 and its two-hundred day simple moving average is $78.73. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $73.15 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.02 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.4 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.62%.

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.