CIBC Private Wealth Group LLC Has $4.77 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

CIBC Private Wealth Group LLC grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 62,551 shares of the transportation company’s stock after buying an additional 4,123 shares during the period. CIBC Private Wealth Group LLC’s holdings in Canadian Pacific Kansas City were worth $4,766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $2,602,000. Oak Family Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $262,000. Barclays PLC raised its position in shares of Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after acquiring an additional 81,111 shares during the period. Toronto Dominion Bank boosted its stake in Canadian Pacific Kansas City by 20.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock worth $178,189,000 after acquiring an additional 352,534 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $249,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Up 1.3 %

Shares of CP stock opened at $71.11 on Wednesday. The firm’s fifty day moving average price is $76.23 and its two-hundred day moving average price is $77.20. Canadian Pacific Kansas City Limited has a 1 year low of $68.00 and a 1 year high of $89.26. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $66.40 billion, a P/E ratio of 24.52, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, equities 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 announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.74%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CP shares. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Citigroup raised their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Finally, Royal Bank of Canada boosted their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.95.

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.