Wealth Enhancement Advisory Services LLC Buys 8,627 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 8.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,117 shares of the transportation company's stock after purchasing an additional 8,627 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Canadian Pacific Kansas City were worth $7,942,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds 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 worth approximately $31,000. Millstone Evans Group LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $36,000. Curio Wealth LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $39,000. Parvin Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $43,000. Finally, Curat Global LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CP shares. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Stifel Nicolaus dropped their target price on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Evercore ISI dropped their target price on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Finally, Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Two research 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, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus price target of $90.95.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $79.26 on Wednesday. The company's 50-day moving average is $78.08 and its 200 day moving average is $76.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81. The company has a market capitalization of $73.03 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 2.17 and a beta of 1.10. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. On average, equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. The ex-dividend date 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 yield of 0.83%. Canadian Pacific Kansas City's dividend payout ratio is 17.91%.

Canadian Pacific Kansas City 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.