Viawealth LLC Has $509,000 Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Viawealth LLC increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 39.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,038 shares of the transportation company’s stock after purchasing an additional 1,996 shares during the period. Viawealth LLC’s holdings in Canadian Pacific Kansas City were worth $509,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Magnetar Financial LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter worth $1,104,000. Royal London Asset Management Ltd. increased its position in Canadian Pacific Kansas City by 0.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 432,212 shares of the transportation company’s stock valued at $31,279,000 after buying an additional 2,843 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in Canadian Pacific Kansas City by 0.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 55,143 shares of the transportation company’s stock worth $3,991,000 after acquiring an additional 390 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $1,542,000. Finally, Curio Wealth LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $39,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on CP shares. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Royal Bank of Canada lifted their price target on 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. Stephens increased their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $74.24 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a market cap of $69.31 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $90.64. The firm’s 50-day simple moving average is $76.80 and its two-hundred day simple moving average is $78.05.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate 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%. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared 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 of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.71%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

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.