Whalen Wealth Management Inc. Boosts Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Whalen Wealth Management Inc. raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 41.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,449 shares of the transportation company's stock after buying an additional 3,383 shares during the period. Whalen Wealth Management Inc.'s holdings in Canadian Pacific Kansas City were worth $804,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CP. Bernard Wealth Management Corp. purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $31,000. Kestra Investment Management LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $33,000. Millstone Evans Group LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $36,000. Curio Wealth LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $39,000. Finally, Curat Global LLC purchased a new stake in Canadian Pacific Kansas City during the first quarter valued at about $42,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $80.19 on Monday. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The company has a 50 day simple moving average of $77.85 and a two-hundred day simple moving average of $75.96. The company has a market capitalization of $73.89 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 2.18 and a beta of 1.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share 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 business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business's revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors 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 represents a $0.66 annualized dividend and a dividend yield of 0.82%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 17.91%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CP. Barclays dropped 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. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Royal Bank Of Canada dropped their target price 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. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $91.00 target price on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.

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