Janiczek Wealth Management LLC Buys 682 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Janiczek Wealth Management LLC lifted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 30.4% during the 1st quarter, Holdings Channel reports. The firm owned 2,926 shares of the transportation company’s stock after acquiring an additional 682 shares during the period. Janiczek Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $258,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CP. Vanguard Group Inc. grew its holdings in Canadian Pacific Kansas City by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 34,337,847 shares of the transportation company’s stock worth $2,714,750,000 after acquiring an additional 585,049 shares during the last quarter. TD Asset Management Inc raised its position in Canadian Pacific Kansas City by 47.7% during the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after purchasing an additional 6,835,271 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Canadian Pacific Kansas City by 5.9% in the 4th quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock worth $1,122,370,000 after buying an additional 787,608 shares during the last quarter. Veritas Asset Management LLP increased its stake in shares of Canadian Pacific Kansas City by 1.8% during the fourth quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock valued at $1,062,148,000 after buying an additional 243,210 shares during the period. Finally, Norges Bank bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $979,890,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Canadian Pacific Kansas City in a report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target on the stock. Raymond James increased their price target on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Susquehanna reaffirmed a “neutral” rating and set a $80.00 price objective on shares of Canadian Pacific Kansas City in a research report on Tuesday. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Finally, Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $96.32.

Canadian Pacific Kansas City Trading Down 0.9 %

NYSE:CP opened at $78.98 on Friday. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The stock has a market cap of $73.68 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 2.27 and a beta of 0.97. The company’s 50 day moving average price is $79.96 and its 200-day moving average price is $82.09. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. On average, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.14 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be given a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

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.