Pathway Financial Advisers LLC Makes New Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Pathway Financial Advisers LLC bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,205 shares of the transportation company’s stock, valued at approximately $106,000.

Several other institutional investors and hedge funds have also bought and sold shares of CP. AdvisorNet Financial Inc boosted its position in Canadian Pacific Kansas City by 131.4% in the fourth quarter. AdvisorNet Financial Inc now owns 1,201 shares of the transportation company’s stock worth $95,000 after purchasing an additional 682 shares during the last quarter. Essex Savings Bank purchased a new position in Canadian Pacific Kansas City in the fourth quarter worth about $234,000. TIAA Trust National Association boosted its position in Canadian Pacific Kansas City by 2.9% in the fourth quarter. TIAA Trust National Association now owns 8,732 shares of the transportation company’s stock worth $690,000 after purchasing an additional 242 shares during the last quarter. Independence Bank of Kentucky bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $43,000. Finally, Vanderbilt University raised its stake in shares of Canadian Pacific Kansas City by 41.0% in the fourth quarter. Vanderbilt University now owns 20,821 shares of the transportation company’s stock worth $1,655,000 after buying an additional 6,055 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on CP shares. Sanford C. Bernstein raised their price objective on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Susquehanna reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday. Jefferies Financial Group decreased their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Finally, Raymond James raised their price objective on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $95.70.

Canadian Pacific Kansas City Price Performance

NYSE:CP traded down $1.56 during trading hours on Friday, reaching $78.81. The stock had a trading volume of 2,246,177 shares, compared to its average volume of 1,966,746. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.43 and a current ratio of 0.51. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The company has a 50 day moving average price of $79.80 and a two-hundred day moving average price of $82.72. The stock has a market capitalization of $73.53 billion, a PE ratio of 25.26, a PEG ratio of 2.27 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 EPS. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.11 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be issued a $0.1373 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.95%.

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.