Lorne Steinberg Wealth Management Inc. Boosts Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Lorne Steinberg Wealth Management Inc. boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,946 shares of the transportation company's stock after purchasing an additional 11,035 shares during the period. Canadian Pacific Kansas City accounts for about 1.9% of Lorne Steinberg Wealth Management Inc.'s investment portfolio, making the stock its 24th biggest holding. Lorne Steinberg Wealth Management Inc.'s holdings in Canadian Pacific Kansas City were worth $6,506,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $33,000. Addison Advisors LLC raised its stake in Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock valued at $34,000 after buying an additional 279 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $34,000. Stonebridge Financial Group LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $34,000. Finally, YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $36,000. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. 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. StockNews.com downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Susquehanna decreased their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Citigroup increased their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded down $0.84 on Friday, reaching $77.32. 2,375,388 shares of the company's stock traded hands, compared to its average volume of 3,064,038. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58. The stock has a market cap of $72.19 billion, a PE ratio of 26.66, a PEG ratio of 2.02 and a beta of 0.97. The stock's 50 day simple moving average is $75.97 and its two-hundred day simple moving average is $78.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping 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, analysts forecast that Canadian Pacific Kansas City Limited will post 3.4 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. Shareholders of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is currently 17.93%.

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.