Secured Retirement Advisors LLC Invests $873,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

Secured Retirement Advisors LLC acquired a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,066 shares of the transportation company's stock, valued at approximately $873,000.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Canadian Pacific Kansas City by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock worth $750,046,000 after acquiring an additional 381,594 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Canadian Pacific Kansas City by 9.7% in the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock valued at $501,219,000 after purchasing an additional 537,418 shares during the period. Fiera Capital Corp grew its stake in Canadian Pacific Kansas City by 1.9% during the 3rd quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company's stock worth $497,918,000 after purchasing an additional 107,183 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd increased its holdings in Canadian Pacific Kansas City by 1.7% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company's stock worth $368,661,000 after purchasing an additional 85,542 shares during the period. Finally, Geode Capital Management LLC raised its position in Canadian Pacific Kansas City by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company's stock valued at $373,540,000 after purchasing an additional 313,298 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CP shares. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Wells Fargo & Company dropped their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Susquehanna decreased their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating for the company in a research report on Wednesday, January 8th. StockNews.com lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Wednesday, December 25th. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded down $0.98 during mid-day trading on Wednesday, reaching $78.32. 1,892,137 shares of the company's stock were exchanged, compared to its average volume of 3,133,036. The business's fifty day simple moving average is $75.85 and its 200-day simple moving average is $78.59. The stock has a market capitalization of $73.13 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. 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 debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.67%. Canadian Pacific Kansas City's payout ratio is 18.62%.

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.