Marks Group Wealth Management Inc Has $7.39 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Marks Group Wealth Management Inc increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,427 shares of the transportation company’s stock after purchasing an additional 4,113 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Canadian Pacific Kansas City were worth $7,393,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norden Group LLC purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at $306,000. GSA Capital Partners LLP purchased a new position in Canadian Pacific Kansas City in the first quarter valued at about $1,545,000. Larson Financial Group LLC increased its position in Canadian Pacific Kansas City by 2,952.9% in the 1st quarter. Larson Financial Group LLC now owns 2,076 shares of the transportation company’s stock worth $183,000 after purchasing an additional 2,008 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth about $764,000. Finally, Signaturefd LLC lifted its holdings in shares of Canadian Pacific Kansas City by 15.8% during the 1st quarter. Signaturefd LLC now owns 22,199 shares of the transportation company’s stock valued at $1,957,000 after buying an additional 3,033 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $79.34 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market cap of $74.05 billion, a P/E ratio of 28.34, a PEG ratio of 2.29 and a beta of 0.98. The company has a fifty day moving average price of $82.44 and a 200 day moving average price of $80.95. Canadian Pacific Kansas City Limited has a one year low of $69.08 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 19.64%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CP. Evercore ISI raised 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 research report on Wednesday, September 25th. Jefferies Financial Group cut their price target on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Finally, Stifel Nicolaus decreased their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

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.