Parr Mcknight Wealth Management Group LLC Takes $903,000 Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Parr Mcknight Wealth Management Group LLC purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,483 shares of the transportation company's stock, valued at approximately $903,000.

Several other large investors have also recently modified their holdings of the company. Vise Technologies Inc. raised its stake in shares of Canadian Pacific Kansas City by 149.9% during the 4th quarter. Vise Technologies Inc. now owns 10,095 shares of the transportation company's stock worth $731,000 after acquiring an additional 6,055 shares in the last quarter. Novem Group acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $726,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Canadian Pacific Kansas City by 15.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,324,238 shares of the transportation company's stock valued at $240,423,000 after purchasing an additional 454,654 shares in the last quarter. Voloridge Investment Management LLC increased its stake in Canadian Pacific Kansas City by 291.5% during the 4th quarter. Voloridge Investment Management LLC now owns 403,673 shares of the transportation company's stock valued at $29,214,000 after purchasing an additional 300,555 shares in the last quarter. Finally, Waverly Advisors LLC increased its stake in Canadian Pacific Kansas City by 88.2% during the 4th quarter. Waverly Advisors LLC now owns 10,534 shares of the transportation company's stock valued at $762,000 after purchasing an additional 4,938 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Jefferies Financial Group cut their price target on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Bank of America upped their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. Royal Bank of Canada lowered their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Stephens increased their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Two 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $90.63.

Canadian Pacific Kansas City Trading Up 0.6%

Canadian Pacific Kansas City stock traded up $0.46 during midday trading on Tuesday, hitting $80.63. 2,461,135 shares of the stock were exchanged, compared to its average volume of 2,793,605. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The stock has a market capitalization of $75.02 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.00 and a beta of 1.09. The stock's 50-day simple moving average is $74.12 and its 200 day simple moving average is $75.23. 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 - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period last year, the business earned $0.93 earnings per share. Canadian Pacific Kansas City's revenue was up 8.0% compared to the same quarter last year. On average, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's payout ratio is 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.