NewEdge Wealth LLC Has $1.62 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

NewEdge Wealth LLC lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 42.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,444 shares of the transportation company's stock after acquiring an additional 6,688 shares during the period. NewEdge Wealth LLC's holdings in Canadian Pacific Kansas City were worth $1,624,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. S&CO Inc. grew its position in shares of Canadian Pacific Kansas City by 183.3% during the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company's stock worth $1,454,000 after acquiring an additional 11,000 shares during the last quarter. Swiss National Bank grew its position in shares of Canadian Pacific Kansas City by 0.8% during the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company's stock worth $241,645,000 after acquiring an additional 23,000 shares during the last quarter. Oak Family Advisors LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $262,000. Barclays PLC lifted its holdings in Canadian Pacific Kansas City by 2.8% in the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock worth $250,602,000 after purchasing an additional 81,111 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in Canadian Pacific Kansas City by 20.4% in the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company's stock worth $178,189,000 after purchasing an additional 352,534 shares during the period. Institutional investors own 72.20% of the company's stock.

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Analysts Set New Price Targets

Several research firms recently weighed in on CP. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. 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. Barclays reduced 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 report on Friday, January 17th. Royal Bank of Canada upped their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus reduced their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating for the company in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $95.45.

Canadian Pacific Kansas City Trading Up 3.6 %

CP stock traded up $2.64 during mid-day trading on Wednesday, reaching $76.88. 2,670,736 shares of the stock traded hands, compared to its average volume of 2,954,888. 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 Limited has a 52-week low of $70.89 and a 52-week high of $91.58. The company has a market cap of $71.78 billion, a P/E ratio of 26.51, a P/E/G ratio of 2.00 and a beta of 0.97. The stock's fifty day moving average is $76.60 and its 200-day moving average is $78.51.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 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%. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City's dividend payout ratio is 17.93%.

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.