Accredited Wealth Management LLC Makes New $502,000 Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Accredited Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,921 shares of the transportation company's stock, valued at approximately $502,000.

Several other hedge funds have also modified their holdings of CP. Barclays PLC boosted its stake in shares of Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock valued at $250,602,000 after purchasing an additional 81,111 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in Canadian Pacific Kansas City by 4.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 75,569 shares of the transportation company's stock worth $6,464,000 after acquiring an additional 3,197 shares during the period. Sfmg LLC bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $202,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $1,998,000. Finally, Synovus Financial Corp boosted its position in shares of Canadian Pacific Kansas City by 3.5% in the 3rd quarter. Synovus Financial Corp now owns 52,089 shares of the transportation company's stock worth $4,456,000 after purchasing an additional 1,764 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Argus set a $90.00 target price on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Susquehanna decreased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating for the company in a report on Thursday, March 27th. Stifel Nicolaus reduced their price target 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. Stephens upped their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, Jefferies Financial Group decreased their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $93.75.

Canadian Pacific Kansas City Stock Down 1.9 %

NYSE:CP opened at $73.14 on Tuesday. The firm has a market capitalization of $68.04 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $88.31. The stock's 50 day moving average price is $74.12 and its two-hundred day moving average price is $75.77.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating 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 expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share 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, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.72%. Canadian Pacific Kansas City's dividend payout ratio is currently 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.

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