Founders Grove Wealth Partners LLC Purchases Shares of 3,548 Canadian Pacific Kansas City Limited (NYSE:CP)

Founders Grove Wealth Partners LLC acquired a new position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,548 shares of the transportation company's stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. lifted its position in Canadian Pacific Kansas City by 12.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company's stock worth $118,000 after purchasing an additional 175 shares during the period. Park Avenue Securities LLC boosted its position in shares of Canadian Pacific Kansas City by 5.1% during the 4th quarter. Park Avenue Securities LLC now owns 38,831 shares of the transportation company's stock valued at $2,811,000 after acquiring an additional 1,879 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Canadian Pacific Kansas City by 6.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 28,386 shares of the transportation company's stock valued at $2,054,000 after acquiring an additional 1,762 shares during the period. Tuttle Capital Management LLC raised its position in Canadian Pacific Kansas City by 34.7% in the fourth quarter. Tuttle Capital Management LLC now owns 4,321 shares of the transportation company's stock worth $313,000 after purchasing an additional 1,112 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $1,005,000. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 0.4 %

NYSE CP traded up $0.30 on Wednesday, reaching $74.49. The company had a trading volume of 1,016,934 shares, compared to its average volume of 2,324,148. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58. The stock's 50 day moving average is $74.92 and its 200-day moving average is $79.26. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock has a market cap of $69.53 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the business earned $0.69 EPS. The firm's revenue was up 6.3% compared to the same quarter last year. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio is currently 19.64%.

Wall Street Analyst Weigh In

Several research firms recently commented on CP. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Citigroup reduced their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. StockNews.com downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Susquehanna cut their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating for the company in a research report on Wednesday, January 8th. Finally, Stephens upgraded Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $81.00 to $88.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average price target of $93.56.

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.