Miracle Mile Advisors LLC Buys New Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Miracle Mile Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 13,881 shares of the transportation company's stock, valued at approximately $1,005,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JCIC Asset Management Inc. raised its position in shares of Canadian Pacific Kansas City by 2.0% in the fourth quarter. JCIC Asset Management Inc. now owns 68,479 shares of the transportation company's stock worth $4,955,000 after buying an additional 1,355 shares in the last quarter. QV Investors Inc. increased its stake in Canadian Pacific Kansas City by 44.0% in the 4th quarter. QV Investors Inc. now owns 346,157 shares of the transportation company's stock worth $25,051,000 after acquiring an additional 105,815 shares during the last quarter. Asset Allocation & Management Company LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $262,000. Tilia Fiduciary Partners Inc. raised its holdings in shares of Canadian Pacific Kansas City by 6.2% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 29,176 shares of the transportation company's stock valued at $2,111,000 after acquiring an additional 1,703 shares in the last quarter. Finally, First Hawaiian Bank boosted its position in shares of Canadian Pacific Kansas City by 3.2% during the 4th quarter. First Hawaiian Bank now owns 13,845 shares of the transportation company's stock valued at $1,002,000 after acquiring an additional 424 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CP. Citigroup decreased their price objective 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. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a report on Friday, October 11th. 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 report on Wednesday, January 8th. Susquehanna reduced 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 note on Wednesday, January 8th. Finally, Evercore ISI raised their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $93.56.

Canadian Pacific Kansas City Trading Up 0.1 %

CP traded up $0.05 on Wednesday, hitting $74.24. 1,502,517 shares of the company were exchanged, compared to its average volume of 2,382,368. 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 fifty day simple moving average of $74.92 and a two-hundred day simple moving average of $79.26. The stock has a market capitalization of $69.30 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 EPS. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 19.64%.

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.