Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 8.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 232,411 shares of the transportation company's stock after acquiring an additional 18,926 shares during the period. Canadian Pacific Kansas City accounts for about 1.3% of Foster Victor Wealth Advisors LLC's holdings, making the stock its 19th biggest position. Foster Victor Wealth Advisors LLC's holdings in Canadian Pacific Kansas City were worth $17,094,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $2,602,000. Gallo Partners LP acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $4,373,000. LPL Financial LLC increased its holdings in shares of Canadian Pacific Kansas City by 34.4% during the 4th quarter. LPL Financial LLC now owns 258,075 shares of the transportation company's stock worth $18,677,000 after buying an additional 66,125 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Canadian Pacific Kansas City by 29.9% during the 4th quarter. First Trust Advisors LP now owns 47,503 shares of the transportation company's stock worth $3,438,000 after buying an additional 10,943 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Canadian Pacific Kansas City by 8.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 90,937 shares of the transportation company's stock worth $6,581,000 after buying an additional 6,761 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.9%

NYSE:CP traded down $0.76 on Friday, reaching $80.39. The stock had a trading volume of 2,026,605 shares, compared to its average volume of 2,803,139. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $76.98 and a 200 day moving average of $75.81. The stock has a market cap of $74.08 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72.

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 for the quarter, meeting analysts' consensus estimates of $0.74. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 EPS. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company 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 is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio is presently 22.30%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CP shares. Royal Bank of Canada dropped their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. The Goldman Sachs Group restated a "neutral" rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Susquehanna upped their price objective on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a report on Thursday, May 1st. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and a consensus price target of $90.66.

About Canadian Pacific Kansas City

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.