Allworth Financial LP Purchases 74,674 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Allworth Financial LP raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 674.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,754 shares of the transportation company's stock after acquiring an additional 74,674 shares during the period. Allworth Financial LP's holdings in Canadian Pacific Kansas City were worth $6,725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CP. Creative Planning grew its position in Canadian Pacific Kansas City by 9.6% during the third quarter. Creative Planning now owns 143,058 shares of the transportation company's stock valued at $12,237,000 after acquiring an additional 12,558 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Canadian Pacific Kansas City by 13.9% in the third quarter. Vontobel Holding Ltd. now owns 5,227 shares of the transportation company's stock worth $447,000 after purchasing an additional 639 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Canadian Pacific Kansas City by 4.7% in the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company's stock worth $260,000 after purchasing an additional 135 shares during the last quarter. Net Worth Advisory Group bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth approximately $259,000. Finally, Raymond James & Associates grew its holdings in shares of Canadian Pacific Kansas City by 0.8% in the third quarter. Raymond James & Associates now owns 785,304 shares of the transportation company's stock worth $67,175,000 after purchasing an additional 6,423 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CP. Royal Bank of Canada raised their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Wolfe Research upgraded 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. Stifel Nicolaus cut their target price on shares of 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. Bank of America dropped their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Finally, Barclays dropped their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Performance

NYSE CP traded down $0.31 during trading hours on Thursday, hitting $78.01. The company's stock had a trading volume of 1,544,381 shares, compared to its average volume of 3,084,893. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58. The company's 50 day simple moving average is $75.90 and its two-hundred day simple moving average is $78.58. The company has a market cap of $72.83 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 2.04 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping 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%. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.4 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm 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 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City's payout ratio is 18.62%.

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.