Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,745 shares of the transportation company’s stock after purchasing an additional 167 shares during the period. OneAscent Financial Services LLC’s holdings in Canadian Pacific Kansas City were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Kestra Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $33,000. Stonebridge Financial Group LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $34,000. YANKCOM Partnership purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $36,000. Millstone Evans Group LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at approximately $36,000. Finally, Curio Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of 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. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Wolfe Research upgraded 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 note on Wednesday, January 8th. Susquehanna reduced their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research report on Thursday, March 27th. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. 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. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $94.68.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $70.26 on Friday. The firm has a market cap of $65.60 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The stock has a 50 day moving average of $75.73 and a two-hundred day moving average of $77.00. Canadian Pacific Kansas City Limited has a 12 month low of $68.00 and a 12 month high of $89.26. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

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 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%. On average, analysts expect 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors 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 yield of 0.75%. Canadian Pacific Kansas City’s dividend payout ratio is presently 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.