Golden State Wealth Management LLC Purchases New Shares in Canadian Pacific Kansas City Limited (NYSE:CP)

Golden State Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,764 shares of the transportation company’s stock, valued at approximately $128,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Grove Bank & Trust grew its position in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares in the last quarter. Addison Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 279 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth $34,000. YANKCOM Partnership bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $36,000. Finally, Asset Dedication LLC acquired a new position in Canadian Pacific Kansas City in the third quarter valued at about $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

CP has been the topic of several recent analyst reports. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Wednesday, January 8th. Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Stephens upped their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Stifel Nicolaus reduced their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Finally, Wells Fargo & Company lowered their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $77.17 on Monday. The stock’s 50-day moving average is $75.54 and its 200-day moving average is $78.77. The stock has a market cap of $72.04 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is 18.62%.

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.