CIBC Private Wealth Group LLC Grows Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

CIBC Private Wealth Group LLC increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,551 shares of the transportation company's stock after acquiring an additional 4,123 shares during the period. CIBC Private Wealth Group LLC's holdings in Canadian Pacific Kansas City were worth $4,766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at $33,000. Stonebridge Financial Group LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $34,000. YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Millstone Evans Group LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $36,000. Finally, Curio Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $39,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE CP traded down $0.22 during trading on Friday, reaching $70.26. The company's stock had a trading volume of 6,834,637 shares, compared to its average volume of 2,594,950. The business's fifty day moving average price is $75.73 and its 200-day moving average price is $76.87. Canadian Pacific Kansas City Limited has a twelve month low of $68.00 and a twelve month high of $89.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a market cap of $65.60 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 2.00 and a beta of 1.01.

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Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data 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 EPS 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 paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.93%.

Analyst Upgrades and Downgrades

CP has been the subject of several analyst reports. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Susquehanna lowered their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating for the company in a research note on Thursday, March 27th. StockNews.com cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Wednesday, December 25th. Royal Bank of Canada upped their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City 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.