Scissortail Wealth Management LLC Buys Shares of 8,991 Canadian Pacific Kansas City Limited (NYSE:CP)

Scissortail Wealth Management LLC bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the fourth quarter, Holdings Channel.com reports. The fund bought 8,991 shares of the transportation company’s stock, valued at approximately $712,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in shares of Canadian Pacific Kansas City by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 16,828 shares of the transportation company’s stock worth $1,389,000 after acquiring an additional 559 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Canadian Pacific Kansas City by 69.1% during the first quarter. Sequoia Financial Advisors LLC now owns 5,539 shares of the transportation company’s stock valued at $457,000 after acquiring an additional 2,263 shares during the period. Vanguard Group Inc. lifted its stake in shares of Canadian Pacific Kansas City by 2.4% during the first quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock valued at $2,496,807,000 after acquiring an additional 695,215 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Canadian Pacific Kansas City by 5.1% during the first quarter. Baird Financial Group Inc. now owns 49,524 shares of the transportation company’s stock valued at $4,087,000 after acquiring an additional 2,417 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Canadian Pacific Kansas City by 116.4% during the first quarter. Brown Brothers Harriman & Co. now owns 14,274 shares of the transportation company’s stock valued at $1,178,000 after acquiring an additional 7,678 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CP. Susquehanna cut their price target on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. Bank of America upped their price target on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Stifel Nicolaus increased their target price on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Finally, Barclays increased their target price 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. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $95.29.

Canadian Pacific Kansas City Stock Down 1.5 %

Shares of NYSE:CP traded down $1.25 during trading on Wednesday, hitting $84.27. 1,619,975 shares of the company were exchanged, compared to its average volume of 1,635,495. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The stock has a market cap of $78.59 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 2.19 and a beta of 0.94. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $87.17 and a two-hundred day moving average price of $79.28.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.21 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. This represents a $0.57 dividend on an annualized basis and a yield of 0.67%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s payout ratio is presently 17.83%.

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.