Legacy Wealth Asset Management LLC Increases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Legacy Wealth Asset Management LLC increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.0% in the first quarter, Holdings Channel.com reports. The firm owned 23,246 shares of the transportation company’s stock after purchasing an additional 236 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Canadian Pacific Kansas City were worth $2,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Sands Capital Management LLC purchased a new stake in Canadian Pacific Kansas City during the third quarter valued at about $31,000. Anchor Investment Management LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $40,000. Independence Bank of Kentucky purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $43,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $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.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CP shares. Raymond James boosted their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a “buy” rating and a $105.00 target price for the company. Bank of America decreased their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Hold” and a consensus price target of $96.32.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded up $1.85 during mid-day trading on Thursday, hitting $80.71. The stock had a trading volume of 1,219,766 shares, compared to its average volume of 2,270,013. The company has a market cap of $75.30 billion, a PE ratio of 25.87, a PEG ratio of 2.23 and a beta of 0.96. The company’s fifty day simple moving average is $79.36 and its two-hundred day simple moving average is $82.23. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58.

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

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a $0.141 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.63%.

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.