Gilliland Jeter Wealth Management LLC Buys New Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Gilliland Jeter Wealth Management LLC purchased a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,118 shares of the transportation company’s stock, valued at approximately $1,353,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Valeo Financial Advisors LLC raised its holdings 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 worth $265,000 after buying an additional 141 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of 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 worth $3,802,000 after buying an additional 148 shares during the last quarter. FirstPurpose Wealth LLC raised its holdings in shares of Canadian Pacific Kansas City by 4.7% in 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 last quarter. Keybank National Association OH raised its holdings in shares of Canadian Pacific Kansas City by 0.4% in 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 last quarter. Finally, Fortune Financial Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 1.5% in the third quarter. Fortune Financial Advisors LLC now owns 11,092 shares of the transportation company’s stock worth $825,000 after acquiring an additional 161 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

CP traded down $0.41 during midday trading on Friday, hitting $81.68. 1,717,833 shares of the company traded hands, compared to its average volume of 1,899,530. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $76.18 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.11 and a beta of 0.94. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58. The business has a 50 day simple moving average of $87.04 and a two-hundred day simple moving average of $79.85.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.16 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a $0.141 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CP. Raymond James increased their price objective on shares of 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. Evercore cut their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday. TD Securities lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Stifel Nicolaus cut their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.42.

Canadian Pacific Kansas City 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.