Obermeyer Wood Investment Counsel Lllp Makes New $201,000 Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Obermeyer Wood Investment Counsel Lllp bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, HoldingsChannel reports. The firm bought 2,543 shares of the transportation company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CP. Valeo Financial Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 4.1% in the third quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock valued at $265,000 after buying an additional 141 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Canadian Pacific Kansas City by 0.3% in the third quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock valued at $3,802,000 after purchasing an additional 148 shares during the period. FirstPurpose Wealth LLC grew its stake in Canadian Pacific Kansas City by 4.7% during the third quarter. FirstPurpose Wealth LLC now owns 3,399 shares of the transportation company’s stock worth $253,000 after buying an additional 154 shares during the period. Keybank National Association OH grew its stake in Canadian Pacific Kansas City by 0.4% during the third quarter. Keybank National Association OH now owns 42,155 shares of the transportation company’s stock worth $3,137,000 after buying an additional 159 shares during the period. Finally, United Capital Financial Advisers LLC boosted its stake in shares of Canadian Pacific Kansas City by 2.6% in the fourth quarter. United Capital Financial Advisers LLC now owns 6,415 shares of the transportation company’s stock valued at $479,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. TD Securities cut shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Stifel Nicolaus upped their price target on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Bank of America increased their target price on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and decreased their target price for the company from $90.00 to $87.00 in a research report on Monday, January 8th. Finally, Jefferies Financial Group began coverage on shares of 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. Twelve equities 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 currently has a consensus rating of “Hold” and an average target price of $95.29.

Canadian Pacific Kansas City Stock Up 0.5 %

NYSE CP traded up $0.42 during trading on Friday, reaching $84.36. The company’s stock had a trading volume of 169,750 shares, compared to its average volume of 2,014,382. 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 stock has a market capitalization of $78.68 billion, a PE ratio of 26.73, a PEG ratio of 2.15 and a beta of 0.94. The business has a 50-day moving average price of $87.11 and a 200-day moving average price of $79.34. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. On average, research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a $0.1415 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, March 27th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.83%.

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.