Pathway Financial Advisers LLC Purchases 101,989 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Pathway Financial Advisers LLC grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 8,456.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 103,195 shares of the transportation company's stock after buying an additional 101,989 shares during the quarter. Pathway Financial Advisers LLC's holdings in Canadian Pacific Kansas City were worth $8,827,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Grove Bank & Trust boosted its position in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock valued at $31,000 after acquiring an additional 130 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $32,000. Chris Bulman Inc purchased a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $35,000. Asset Dedication LLC purchased a new position in Canadian Pacific Kansas City during the third quarter valued at $38,000. Finally, ORG Partners LLC purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at about $39,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CP. Jefferies Financial Group lowered their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th. Citigroup increased their price objective on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a research note on Friday, October 11th. Barclays lifted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Finally, Evercore ISI boosted their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a report on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average price target of $97.78.

Canadian Pacific Kansas City Trading Down 1.8 %

CP traded down $1.40 during trading on Friday, reaching $77.11. The company had a trading volume of 1,775,301 shares, compared to its average volume of 2,108,632. Canadian Pacific Kansas City Limited has a 52 week low of $69.07 and a 52 week high of $91.58. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The business has a 50 day simple moving average of $82.86 and a 200-day simple moving average of $81.40. The stock has a market cap of $71.95 billion, a P/E ratio of 24.71, a PEG ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). The business had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. On average, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.95%.

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.