Legacy Wealth Management LLC MS Acquires New Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Legacy Wealth Management LLC MS bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,767 shares of the transportation company's stock, valued at approximately $686,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock worth $750,046,000 after acquiring an additional 381,594 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Canadian Pacific Kansas City by 44.4% in the fourth quarter. SG Americas Securities LLC now owns 13,774 shares of the transportation company's stock valued at $997,000 after purchasing an additional 4,235 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $344,000. Blue Trust Inc. boosted its holdings in Canadian Pacific Kansas City by 11.7% in the fourth quarter. Blue Trust Inc. now owns 3,107 shares of the transportation company's stock valued at $225,000 after purchasing an additional 326 shares in the last quarter. Finally, SteelPeak Wealth LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $380,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CP shares. Bank of America upped their target price on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. Barclays lowered their target price on shares of 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. Stephens upped their price objective on shares of 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. Royal Bank of Canada decreased their price objective on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Finally, Argus set a $90.00 target price on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $90.63.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded up $0.48 during mid-day trading on Friday, hitting $81.69. 2,828,164 shares of the company's stock were exchanged, compared to its average volume of 2,792,636. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The business's 50 day moving average is $74.78 and its two-hundred day moving average is $75.36. 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 firm has a market capitalization of $76.01 billion, a P/E ratio of 28.17, a P/E/G ratio of 2.00 and a beta of 1.09.

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, 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 company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period last year, the firm earned $0.93 EPS. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities 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 business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a dividend of $0.1644 per share. The ex-dividend date of this dividend is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 21.28%.

Canadian Pacific Kansas City Company 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.