Wells Fargo & Company MN Buys 12,723 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Wells Fargo & Company MN increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,922,848 shares of the transportation company’s stock after purchasing an additional 12,723 shares during the quarter. Wells Fargo & Company MN owned approximately 0.21% of Canadian Pacific Kansas City worth $151,687,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CP. Private Advisor Group LLC raised its holdings in shares of Canadian Pacific Kansas City by 31.6% in the 3rd quarter. Private Advisor Group LLC now owns 12,436 shares of the transportation company’s stock worth $918,000 after purchasing an additional 2,983 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $218,000. US Bancorp DE grew its holdings in Canadian Pacific Kansas City by 11.0% during the 3rd quarter. US Bancorp DE now owns 131,112 shares of the transportation company’s stock valued at $9,756,000 after buying an additional 12,953 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Canadian Pacific Kansas City by 3.8% during the third quarter. Corient Private Wealth LLC now owns 593,215 shares of the transportation company’s stock valued at $44,138,000 after buying an additional 21,756 shares during the period. Finally, Syon Capital LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter worth about $702,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 1.1 %

Shares of CP stock opened at $80.29 on Thursday. The stock has a market capitalization of $74.89 billion, a PE ratio of 25.73, a P/E/G ratio of 2.31 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The business has a 50-day moving average of $84.82 and a 200 day moving average of $81.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.14 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a $0.141 dividend. This represents a $0.56 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.95%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Evercore ISI reduced their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Barclays lifted their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Evercore decreased their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They issued a “buy” rating and a $105.00 price target on the stock. Finally, StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $96.67.

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.