Morey & Quinn Wealth Partners LLC Invests $423,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

Morey & Quinn Wealth Partners LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,843 shares of the transportation company's stock, valued at approximately $423,000.

A number of other institutional investors have also made changes to their positions in the business. Kestra Investment Management LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $33,000. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City during the third quarter worth about $34,000. Stonebridge Financial Group LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at about $34,000. YANKCOM Partnership bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at about $36,000. Finally, Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $36,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CP shares. Wells Fargo & Company reduced their target price on 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. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research note on Thursday, January 16th. Loop Capital lowered shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Finally, Wolfe Research raised 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 investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.95.

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Canadian Pacific Kansas City Price Performance

CP traded down $2.24 during midday trading on Friday, hitting $69.31. The company had a trading volume of 4,274,392 shares, compared to its average volume of 2,526,440. Canadian Pacific Kansas City Limited has a twelve month low of $69.28 and a twelve month high of $89.26. The company has a market capitalization of $64.72 billion, a PE ratio of 23.90, a P/E/G ratio of 2.00 and a beta of 0.98. 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's 50-day simple moving average is $76.45 and its 200-day simple moving average is $77.48.

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, 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%. Equities research analysts predict 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 declared 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. This represents a $0.53 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.93%.

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.