Parr Mcknight Wealth Management Group LLC Buys 21,206 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Parr Mcknight Wealth Management Group LLC lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 169.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,689 shares of the transportation company's stock after purchasing an additional 21,206 shares during the quarter. Parr Mcknight Wealth Management Group LLC's holdings in Canadian Pacific Kansas City were worth $2,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $2,602,000. Larson Financial Group LLC raised its holdings in shares of Canadian Pacific Kansas City by 7.9% during the 4th quarter. Larson Financial Group LLC now owns 2,716 shares of the transportation company's stock worth $197,000 after acquiring an additional 198 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Canadian Pacific Kansas City by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 332,974 shares of the transportation company's stock valued at $24,097,000 after purchasing an additional 7,285 shares during the last quarter. Natural Investments LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $1,129,000. Finally, HighTower Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 1.1% during the 4th quarter. HighTower Advisors LLC now owns 576,449 shares of the transportation company's stock valued at $41,718,000 after purchasing an additional 6,255 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $0.71 during mid-day trading on Friday, hitting $81.70. The company's stock had a trading volume of 1,564,639 shares, compared to its average volume of 2,809,331. The company has a quick ratio of 0.70, a current ratio of 0.81 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $75.28 billion, a P/E ratio of 27.57, a P/E/G ratio of 2.28 and a beta of 1.07. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The stock's fifty day moving average price is $79.84 and its two-hundred day moving average price is $76.52.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. Canadian Pacific Kansas City's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 EPS. Research analysts forecast 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 declared 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 is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. Canadian Pacific Kansas City's payout ratio is 22.30%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CP. Evercore ISI decreased their price objective 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. Stifel Nicolaus decreased their price target on shares of 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 increased their price objective on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday. Finally, Bank of America raised their price target on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and an average price target of $91.95.

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.