RFG Bristol Wealth Advisors LLC Invests $277,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

RFG Bristol Wealth Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 4th quarter, according to its most recent filing with the SEC. The fund bought 3,830 shares of the transportation company's stock, valued at approximately $277,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $33,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $34,000. YANKCOM Partnership bought a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $36,000. Millstone Evans Group LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $36,000. Finally, Curio Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $39,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $2.15 during mid-day trading on Monday, reaching $68.04. The company had a trading volume of 2,700,470 shares, compared to its average volume of 2,596,037. The business has a fifty day simple moving average of $75.73 and a 200 day simple moving average of $76.87. The company has a market cap of $63.53 billion, a P/E ratio of 23.38, a P/E/G ratio of 2.00 and a beta of 1.01. 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 Limited has a fifty-two week low of $67.10 and a fifty-two week high of $89.26.

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Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS 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, 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. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is currently 17.93%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CP. StockNews.com cut shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Wednesday, December 25th. Susquehanna cut their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a research report on Thursday, March 27th. Wolfe Research upgraded 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. Argus set a $90.00 price target on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Finally, Barclays cut their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Two research 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $94.68.

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.