YANKCOM Partnership Buys New Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 492 shares of the transportation company’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Grove Bank & Trust grew its stake in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares during the last quarter. Addison Advisors LLC grew its stake in Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares during the last quarter. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at $34,000. Asset Dedication LLC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at $38,000. Finally, Kennebec Savings Bank acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CP. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Citigroup increased their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Bank of America reduced their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Wells Fargo & Company reduced their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Up 0.3 %

Shares of NYSE:CP opened at $78.32 on Friday. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. The company has a 50 day moving average of $75.47 and a 200-day moving average of $78.84. 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 $73.12 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 2.06 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 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, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.39 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, March 28th. 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.