Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by BKM Wealth Management LLC

BKM Wealth Management LLC raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 27.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,385 shares of the transportation company’s stock after buying an additional 1,393 shares during the quarter. BKM Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $563,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CP. Norges Bank purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $979,890,000. TD Asset Management Inc boosted its stake in Canadian Pacific Kansas City by 47.7% in the fourth quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after acquiring an additional 6,835,271 shares during the period. Legal & General Group Plc acquired a new position in Canadian Pacific Kansas City in the third quarter valued at approximately $481,016,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Canadian Pacific Kansas City by 757.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,303,549 shares of the transportation company’s stock worth $342,191,000 after buying an additional 3,801,910 shares during the period. Finally, Meritage Group LP acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $207,850,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 1.1 %

Canadian Pacific Kansas City stock traded down $0.84 during mid-day trading on Monday, hitting $77.89. 811,258 shares of the company’s stock were exchanged, compared to its average volume of 2,197,540. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The stock has a 50 day moving average of $79.74 and a two-hundred day moving average of $82.21. The stock has a market cap of $72.67 billion, a P/E ratio of 25.23, a P/E/G ratio of 2.24 and a beta of 0.96. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.14 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.63%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CP shares. Bank of America reduced their price objective on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Evercore dropped their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Raymond James boosted their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on Canadian Pacific Kansas City in a report on Friday, June 7th. They set an “overweight” rating and a $90.00 target price on the stock. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Hold” and an average price target of $96.32.

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.