Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 767,465 shares of the transportation company’s stock after purchasing an additional 38,575 shares during the quarter. Raymond James & Associates owned about 0.08% of Canadian Pacific Kansas City worth $67,667,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Sands Capital Management LLC acquired a new position in Canadian Pacific Kansas City during the third quarter worth approximately $31,000. Anchor Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $40,000. Independence Bank of Kentucky purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth $43,000. McGlone Suttner Wealth Management Inc. acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at $45,000. Finally, Partnership Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $52,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

CP traded up $0.17 on Friday, reaching $79.73. The company had a trading volume of 2,008,908 shares, compared to its average volume of 2,302,688. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The company has a market capitalization of $74.36 billion, a P/E ratio of 25.55, a PEG ratio of 2.25 and a beta of 0.96. The company has a fifty day moving average of $86.39 and a 200-day moving average of $80.03. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 target price on the stock. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Susquehanna reduced their price target on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Raymond James lifted their price objective on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Finally, TD Securities downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.42.

Canadian Pacific Kansas City 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.