Coombe Bender & Co LLC Acquires Shares of 47,968 Canadian Pacific Kansas City Limited (NYSE:CP)

Coombe Bender & Co LLC bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 47,968 shares of the transportation company's stock, valued at approximately $3,792,000. Canadian Pacific Kansas City accounts for about 2.4% of Coombe Bender & Co LLC's portfolio, making the stock its 17th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sands Capital Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $31,000. Anchor Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at $40,000. Independence Bank of Kentucky purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at $43,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at $45,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at $70,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP traded up $2.01 during mid-day trading on Thursday, hitting $79.58. 3,100,606 shares of the stock were exchanged, compared to its average volume of 2,153,662. The company has a market cap of $74.22 billion, a P/E ratio of 25.50, a PEG ratio of 2.22 and a beta of 0.96. The stock's fifty day simple moving average is $86.66 and its two-hundred day simple moving average is $79.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.15 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City's dividend payout ratio is presently 17.95%.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of recent research reports. StockNews.com upgraded shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a report on Wednesday, January 31st. TD Securities cut shares of Canadian Pacific Kansas City from a "buy" rating to a "hold" rating in a report on Monday, January 8th. Susquehanna Bancshares cut shares of Canadian Pacific Kansas City from a "positive" rating to a "neutral" rating and decreased their price objective for the stock from $90.00 to $87.00 in a report on Monday, January 8th. Stifel Nicolaus cut their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a research report on Thursday, April 25th. Finally, Susquehanna cut their target price on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a "neutral" rating for the company in a research report on Thursday, April 25th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $96.42.

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.