Bernard Wealth Management Corp. Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Bernard Wealth Management Corp. purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,369 shares of the transportation company's stock, valued at approximately $1,040,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Proficio Capital Partners LLC bought a new position in Canadian Pacific Kansas City during the 4th quarter worth $2,602,000. Oak Family Advisors LLC bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $262,000. Barclays PLC grew its position in shares of Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock worth $250,602,000 after acquiring an additional 81,111 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Canadian Pacific Kansas City by 20.4% in the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company's stock worth $178,189,000 after acquiring an additional 352,534 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Canadian Pacific Kansas City in the 4th quarter valued at about $249,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP traded up $2.42 on Friday, reaching $73.63. 4,606,826 shares of the company traded hands, compared to its average volume of 2,692,661. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $68.74 billion, a PE ratio of 25.39, a P/E/G ratio of 2.00 and a beta of 1.01. The company's 50 day moving average is $74.62 and its 200-day moving average is $76.19. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $88.31.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced 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%. As a group, analysts anticipate 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 company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 17.93%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Loop Capital lowered shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. 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 research report on Wednesday, January 8th. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Wells Fargo & Company decreased their price target 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. Finally, Stifel Nicolaus cut their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $93.55.

Canadian Pacific Kansas City 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.