Millstone Evans Group LLC Buys New Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Millstone Evans Group LLC purchased a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 504 shares of the transportation company’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in shares of Canadian Pacific Kansas City by 61.9% in the third quarter. Thrivent Financial for Lutherans now owns 19,807 shares of the transportation company’s stock valued at $1,694,000 after buying an additional 7,573 shares in the last quarter. Prospera Financial Services Inc increased its holdings in Canadian Pacific Kansas City by 4.0% in the 3rd quarter. Prospera Financial Services Inc now owns 4,903 shares of the transportation company’s stock worth $420,000 after acquiring an additional 190 shares in the last quarter. Cerity Partners LLC raised its position in Canadian Pacific Kansas City by 33.0% during the third quarter. Cerity Partners LLC now owns 81,567 shares of the transportation company’s stock worth $6,977,000 after acquiring an additional 20,220 shares during the period. Larson Financial Group LLC lifted its holdings in Canadian Pacific Kansas City by 20.6% during the third quarter. Larson Financial Group LLC now owns 2,518 shares of the transportation company’s stock valued at $215,000 after purchasing an additional 430 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Canadian Pacific Kansas City by 10.3% in the third quarter. Fisher Asset Management LLC now owns 1,353,769 shares of the transportation company’s stock valued at $115,801,000 after purchasing an additional 126,602 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $73.32 on Tuesday. The firm has a market cap of $68.46 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $89.26. The business’s fifty day simple moving average is $76.68 and its 200-day simple moving average is $77.78.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates 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%. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CP shares. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Citigroup raised their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Stephens boosted their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Barclays decreased their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Wells Fargo & Company dropped their target price 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 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.45.

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.