U.S. Capital Wealth Advisors LLC Acquires 10,568 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

U.S. Capital Wealth Advisors LLC grew its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 69.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,827 shares of the transportation company's stock after purchasing an additional 10,568 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Canadian Pacific Kansas City were worth $1,813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CP. Norges Bank purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $914,090,000. Causeway Capital Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 76.5% in the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock valued at $1,116,632,000 after purchasing an additional 6,687,770 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Canadian Pacific Kansas City by 25.7% in the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock valued at $770,526,000 after purchasing an additional 2,177,604 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Canadian Pacific Kansas City by 44.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company's stock valued at $351,723,000 after purchasing an additional 1,516,684 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Canadian Pacific Kansas City by 11.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock valued at $899,805,000 after purchasing an additional 1,262,913 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CP shares. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. 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. 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 report on Thursday, May 1st. Susquehanna restated a "positive" rating and set a $94.00 price objective (up previously from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Finally, Bank of America raised their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Two investment 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $90.95.

Canadian Pacific Kansas City Price Performance

CP stock opened at $80.78 on Wednesday. The firm has a 50 day moving average of $79.47 and a 200-day moving average of $76.43. 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 12 month low of $66.49 and a 12 month high of $87.72. The firm has a market capitalization of $74.43 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 2.23 and a beta of 1.07.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the business earned $0.93 earnings per share. Canadian Pacific Kansas City's revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business 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 dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a yield of 0.81%. Canadian Pacific Kansas City's payout ratio is presently 22.30%.

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.

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