Sovran Advisors LLC Makes New Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Sovran Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,290 shares of the transportation company’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CP. CWM LLC increased its holdings in Canadian Pacific Kansas City by 5.0% during the 3rd quarter. CWM LLC now owns 7,425 shares of the transportation company’s stock valued at $635,000 after purchasing an additional 352 shares during the period. Procyon Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $259,000. Creative Planning increased its stake in shares of Canadian Pacific Kansas City by 9.6% during the third quarter. Creative Planning now owns 143,058 shares of the transportation company’s stock valued at $12,237,000 after buying an additional 12,558 shares during the period. Asset Dedication LLC purchased a new position in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $38,000. Finally, Vontobel Holding Ltd. raised its holdings in shares of Canadian Pacific Kansas City by 13.9% during the third quarter. Vontobel Holding Ltd. now owns 5,227 shares of the transportation company’s stock valued at $447,000 after acquiring an additional 639 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the topic of a number of research analyst reports. Royal Bank of Canada boosted 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 report on Thursday, January 30th. Wells Fargo & Company decreased their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus cut their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Barclays decreased their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Bank of America dropped their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $78.24 on Friday. The stock has a market cap of $73.04 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.02 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. The firm’s 50-day moving average is $75.66 and its 200 day moving average is $78.70.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.4 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 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.