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

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vise Technologies Inc. lifted its position in 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 during the period. Novem Group acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $726,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position 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 worth $240,423,000 after acquiring an additional 454,654 shares during the period. Voloridge Investment Management LLC lifted its position 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 worth $29,214,000 after acquiring an additional 300,555 shares during the period. Finally, Waverly Advisors LLC lifted its position 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 worth $762,000 after acquiring an additional 4,938 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded up $0.34 on Thursday, hitting $81.09. The company's stock had a trading volume of 736,171 shares, compared to its average volume of 2,782,694. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The company has a market capitalization of $75.45 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The firm has a fifty day moving average price of $74.44 and a 200-day moving average price of $75.31.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted 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 return on equity of 8.86% and a net margin of 25.51%. The company had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the previous year, the firm posted $0.93 EPS. Canadian Pacific Kansas City's revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a $0.1644 dividend. This represents a $0.66 annualized dividend and a yield of 0.81%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's payout ratio is presently 21.28%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Stifel Nicolaus lowered their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Barclays reduced their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Citigroup reduced their price objective on 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. Finally, Stephens lifted their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $90.63.

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.