Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Ingalls & Snyder LLC

Ingalls & Snyder LLC grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 32.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,101 shares of the transportation company's stock after acquiring an additional 8,203 shares during the period. Ingalls & Snyder LLC's holdings in Canadian Pacific Kansas City were worth $2,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Grove Bank & Trust grew its stake in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after acquiring an additional 130 shares in the last quarter. Addison Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth $34,000. Asset Dedication LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth $38,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $34,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $0.26 during mid-day trading on Friday, reaching $78.02. The company had a trading volume of 777,276 shares, compared to its average volume of 3,187,098. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. 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 company has a market capitalization of $72.84 billion, a P/E ratio of 26.92, a P/E/G ratio of 2.02 and a beta of 0.97. The stock's 50-day simple moving average is $75.70 and its 200-day simple moving average is $78.70.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (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%. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.4 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.68%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 18.62%.

Analyst Ratings Changes

CP has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Wells Fargo & Company decreased their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Loop Capital cut shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective for the company in a research report on Wednesday, January 8th. Finally, Susquehanna decreased their price objective on shares of 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. Two equities 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $95.45.

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.