447 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Acquired by Asset Dedication LLC

Asset Dedication LLC acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 447 shares of the transportation company’s stock, valued at approximately $38,000.

Several other large investors have also made changes to their positions in the business. Foster Victor Wealth Advisors LLC lifted its position in Canadian Pacific Kansas City by 24.3% during the third quarter. Foster Victor Wealth Advisors LLC now owns 155,619 shares of the transportation company’s stock valued at $12,520,000 after purchasing an additional 30,408 shares during the period. Dover Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 4.6% during the 3rd quarter. Dover Advisors LLC now owns 6,494 shares of the transportation company’s stock valued at $555,000 after buying an additional 285 shares during the last quarter. Creative Planning lifted its holdings in shares of Canadian Pacific Kansas City by 9.6% in the 3rd 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. Sivia Capital Partners LLC boosted its stake in shares of Canadian Pacific Kansas City by 10.6% in the third quarter. Sivia Capital Partners LLC now owns 3,568 shares of the transportation company’s stock worth $305,000 after buying an additional 342 shares during the last quarter. Finally, Grove Bank & Trust grew its holdings in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $81.19 on Friday. The stock has a market capitalization of $75.75 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The firm has a 50-day simple moving average of $82.79 and a 200-day simple moving average of $81.77. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.2 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, October 28th. Shareholders of record on Friday, September 27th will be issued a $0.1373 dividend. This represents a $0.55 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is currently 17.31%.

Analysts Set New Price Targets

Several equities research analysts have commented on CP shares. Susquehanna upped their price objective on Canadian Pacific Kansas City from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein dropped their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI upped their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Jefferies Financial Group lowered their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $97.90.

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.