130,013 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Purchased by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 130,013 shares of the transportation company's stock, valued at approximately $9,409,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $33,000. Stonebridge Financial Group LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth $34,000. YANKCOM Partnership purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth $36,000. Millstone Evans Group LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at $36,000. Finally, Curio Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $39,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on CP shares. Jefferies Financial Group decreased their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus reduced their price target on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective for the company in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average target price of $90.71.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded up $0.40 during trading hours on Wednesday, hitting $73.84. 2,729,347 shares of the stock traded hands, compared to its average volume of 2,730,321. The firm's 50 day moving average price is $73.01 and its 200-day moving average price is $75.17. 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 $68.69 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the previous year, the business posted $0.93 EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a $0.1644 dividend. This represents a $0.66 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio is currently 21.28%.

Canadian Pacific Kansas City 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.