CIBC Private Wealth Group LLC Has $4.77 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

CIBC Private Wealth Group LLC raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 62,551 shares of the transportation company’s stock after purchasing an additional 4,123 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Canadian Pacific Kansas City were worth $4,766,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Kestra Investment Management LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at about $33,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $34,000. YANKCOM Partnership bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $36,000. Millstone Evans Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $36,000. Finally, Curio Wealth LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter worth $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

CP opened at $71.11 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $66.40 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company’s 50 day simple moving average is $76.23 and its 200-day simple moving average is $77.20. Canadian Pacific Kansas City Limited has a one year low of $68.00 and a one year high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.74%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CP. Barclays dropped their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. Stephens increased their target price 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. Finally, Royal Bank of Canada boosted 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.95.

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.