Louisbourg Investments Inc. Increases Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Louisbourg Investments Inc. boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 65.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,041 shares of the transportation company’s stock after purchasing an additional 18,646 shares during the quarter. Louisbourg Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $3,404,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Grove Bank & Trust lifted its position in shares of Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares in the last quarter. Addison Advisors LLC raised its position in Canadian Pacific Kansas City by 246.9% during 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 purchased a new position in Canadian Pacific Kansas City during the third quarter valued at $34,000. Stonebridge Financial Group LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $34,000. Finally, YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $36,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CP shares. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Bank of America reduced their target price on shares of 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. Finally, Royal Bank of Canada upped their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $78.36 on Wednesday. The firm has a 50 day moving average of $75.63 and a two-hundred day moving average of $78.71. The stock has a market capitalization of $73.15 billion, a PE ratio of 27.02, a P/E/G ratio of 2.02 and a beta of 0.97. 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 Limited has a 52 week low of $70.89 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, research analysts predict 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 given a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.62%.

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.