Walter Public Investments Inc. Increases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Walter Public Investments Inc. boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 242,549 shares of the transportation company’s stock after purchasing an additional 1,393 shares during the period. Canadian Pacific Kansas City comprises 3.1% of Walter Public Investments Inc.’s holdings, making the stock its 14th largest position. Walter Public Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $17,551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CP. Assenagon Asset Management S.A. raised its stake in shares of Canadian Pacific Kansas City by 12.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 26,624 shares of the transportation company’s stock valued at $2,280,000 after purchasing an additional 2,862 shares during the period. PFG Investments LLC boosted its holdings in shares of Canadian Pacific Kansas City by 8.7% in the 3rd quarter. PFG Investments LLC now owns 5,288 shares of the transportation company’s stock worth $452,000 after purchasing an additional 422 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Canadian Pacific Kansas City by 5.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 83,371 shares of the transportation company’s stock valued at $7,132,000 after acquiring an additional 4,307 shares during the period. Hunter Associates Investment Management LLC boosted its holdings in Canadian Pacific Kansas City by 16.4% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 5,737 shares of the transportation company’s stock valued at $494,000 after acquiring an additional 810 shares during the period. Finally, Nicholas Hoffman & Company LLC. purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter worth approximately $201,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CP. 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 report on Wednesday, January 8th. Susquehanna cut their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price target 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. Finally, Royal Bank of Canada lifted their target price 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 analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $77.67 on Thursday. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58. The stock has a market cap of $72.52 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. 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 firm has a fifty day moving average price of $76.24 and a 200 day moving average price of $78.57.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (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%. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

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.