Compass Wealth Management LLC Acquires 3,247 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Compass Wealth Management LLC raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,564 shares of the transportation company's stock after purchasing an additional 3,247 shares during the quarter. Compass Wealth Management LLC's holdings in Canadian Pacific Kansas City were worth $4,320,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. North Capital Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $31,000. Millstone Evans Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. Curio Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $39,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $43,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

CP traded up $1.22 on Tuesday, reaching $80.91. The stock had a trading volume of 623,049 shares, compared to its average volume of 2,803,648. The company has a market capitalization of $74.55 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. The firm has a 50-day moving average of $79.29 and a 200-day moving average of $76.40. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued 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 of this dividend 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 (DPR) is currently 22.30%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CP shares. Citigroup cut 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 report on Tuesday, April 8th. Stifel Nicolaus cut their price objective 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. Barclays cut 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 report on Wednesday, April 2nd. Jefferies Financial Group cut their price objective on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Evercore ISI dropped their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average price target of $90.95.

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.