Dover Advisors LLC Increases Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Dover Advisors LLC increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 45.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,455 shares of the transportation company’s stock after buying an additional 2,961 shares during the period. Dover Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $684,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CP. S&CO Inc. boosted its stake in Canadian Pacific Kansas City by 183.3% during the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock valued at $1,454,000 after acquiring an additional 11,000 shares during the last quarter. Swiss National Bank lifted its position in shares of Canadian Pacific Kansas City by 0.8% during the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock worth $241,645,000 after purchasing an additional 23,000 shares during the last quarter. Oak Family Advisors LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter worth about $262,000. Barclays PLC increased its holdings in Canadian Pacific Kansas City by 2.8% in the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after buying an additional 81,111 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in Canadian Pacific Kansas City by 20.4% in the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock valued at $178,189,000 after buying an additional 352,534 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

CP has been the subject of several research reports. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Wells Fargo & Company reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Citigroup boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, Barclays lowered their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $77.32 on Monday. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58. The company has a market cap of $72.19 billion, a PE ratio of 26.66, a P/E/G ratio of 2.00 and a beta of 0.97. The stock has a 50 day simple moving average of $76.02 and a 200-day simple moving average of $78.60. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating 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 forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS 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. Stockholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.62%.

Canadian Pacific Kansas City Company 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.