GeoWealth Management LLC Has $900,000 Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

GeoWealth Management LLC raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 25.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,435 shares of the transportation company’s stock after buying an additional 2,486 shares during the period. GeoWealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CP. Proficio Capital Partners LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $2,602,000. Oak Family Advisors LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at about $262,000. Barclays PLC lifted its position in shares of Canadian Pacific Kansas City by 2.8% in the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after buying an additional 81,111 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth about $249,000. Finally, Phraction Management LLC raised its stake in shares of Canadian Pacific Kansas City by 53.6% in the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company’s stock valued at $963,000 after acquiring an additional 4,641 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on CP. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Susquehanna dropped their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating on the stock in a research note on Thursday, March 27th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Jefferies Financial Group cut their price target on Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $93.75.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $74.55 on Friday. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $88.31. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $69.35 billion, a PE ratio of 25.71, a PEG ratio of 2.00 and a beta of 1.01. The stock’s fifty day simple moving average is $74.21 and its 200 day simple moving average is $75.87.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS 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. Stockholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is 17.93%.

Canadian Pacific Kansas City Company 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.