Merit Financial Group LLC boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 103.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,104 shares of the transportation company's stock after purchasing an additional 4,118 shares during the quarter. Merit Financial Group LLC's holdings in Canadian Pacific Kansas City were worth $569,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Bernard Wealth Management Corp. purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $33,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City in the 4th quarter valued at $34,000. Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City in the 4th 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 about $39,000. Institutional investors and hedge funds own 72.20% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on CP shares. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. The Goldman Sachs Group reissued a "neutral" rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Citigroup lowered their price target on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Finally, Susquehanna boosted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $90.66.
Check Out Our Latest Stock Analysis on Canadian Pacific Kansas City
Canadian Pacific Kansas City Price Performance
Canadian Pacific Kansas City stock traded down $0.43 during mid-day trading on Tuesday, hitting $81.23. 3,869,095 shares of the company were exchanged, compared to its average volume of 3,344,527. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The company has a market capitalization of $75.58 billion, a P/E ratio of 28.01, a PEG ratio of 2.00 and a beta of 1.10. The business's 50 day simple moving average is $76.04 and its two-hundred day simple moving average is $75.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.
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 EPS for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the business posted $0.93 EPS. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. Analysts forecast 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. Stockholders of record on Friday, June 27th will be given a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. 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 payout ratio is currently 22.30%.
About Canadian Pacific Kansas City
(
Free Report)
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.
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