Legacy Wealth Management LLC MS Buys Shares of 9,767 Canadian Pacific Kansas City Limited (NYSE:CP)

Legacy Wealth Management LLC MS acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,767 shares of the transportation company's stock, valued at approximately $686,000.

Other large investors have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $31,000. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $33,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $34,000. YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $36,000. Finally, Millstone Evans Group LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $36,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

CP stock traded down $0.96 during midday trading on Monday, reaching $80.70. The company had a trading volume of 1,382,530 shares, compared to its average volume of 2,789,718. The company has a market capitalization of $75.08 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The stock has a 50 day moving average price of $74.78 and a 200-day moving average price of $75.36. 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 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 released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the previous year, the business posted $0.93 earnings per share. The business's revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced 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 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. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's payout ratio is currently 21.28%.

Analysts Set New Price Targets

CP has been the subject of a number of research reports. Barclays dropped their target price on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Jefferies Financial Group dropped their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Bank of America lifted their target price on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Susquehanna lifted their target price 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, Argus set a $90.00 target price on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and an average 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.