Canadian Pacific Kansas City Limited (NYSE:CP) Stock Holdings Boosted by Kirtland Hills Capital Management LLC

Kirtland Hills Capital Management LLC raised its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,578 shares of the transportation company’s stock after purchasing an additional 339 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Canadian Pacific Kansas City were worth $476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CP. Assenagon Asset Management S.A. boosted its stake in Canadian Pacific Kansas City by 12.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 26,624 shares of the transportation company’s stock valued at $2,280,000 after purchasing an additional 2,862 shares in the last quarter. PFG Investments LLC boosted its stake in Canadian Pacific Kansas City by 8.7% during the 3rd quarter. PFG Investments LLC now owns 5,288 shares of the transportation company’s stock valued at $452,000 after purchasing an additional 422 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Canadian Pacific Kansas City by 5.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 83,371 shares of the transportation company’s stock valued at $7,132,000 after purchasing an additional 4,307 shares in the last quarter. Modera Wealth Management LLC boosted its stake in shares of Canadian Pacific Kansas City by 47.7% during the 3rd quarter. Modera Wealth Management LLC now owns 8,476 shares of the transportation company’s stock worth $725,000 after acquiring an additional 2,739 shares in the last quarter. Finally, Autumn Glory Partners LLC bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth $539,000. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CP shares. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Susquehanna reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Finally, Citigroup increased their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Trading Up 1.6 %

Shares of NYSE:CP opened at $77.50 on Wednesday. The company has a market cap of $72.35 billion, a P/E ratio of 26.72, a P/E/G ratio of 2.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58. The stock’s 50-day moving average is $76.15 and its 200-day moving average is $78.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS 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 predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is 17.93%.

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.