Phraction Management LLC Has $698,000 Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Phraction Management LLC grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 22.4% during the 4th quarter, Holdings Channel reports. The firm owned 8,834 shares of the transportation company’s stock after buying an additional 1,616 shares during the period. Phraction Management LLC’s holdings in Canadian Pacific Kansas City were worth $698,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Valeo Financial Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 4.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock worth $265,000 after purchasing an additional 141 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Canadian Pacific Kansas City by 0.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock worth $3,802,000 after acquiring an additional 148 shares during the period. FirstPurpose Wealth LLC boosted its stake in shares of Canadian Pacific Kansas City by 4.7% during the 3rd quarter. FirstPurpose Wealth LLC now owns 3,399 shares of the transportation company’s stock worth $253,000 after acquiring an additional 154 shares during the period. Keybank National Association OH boosted its stake in shares of Canadian Pacific Kansas City by 0.4% during the 3rd quarter. Keybank National Association OH now owns 42,155 shares of the transportation company’s stock worth $3,137,000 after acquiring an additional 159 shares during the period. Finally, Fortune Financial Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 1.5% during the 3rd 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. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 1.5 %

NYSE CP traded down $1.20 during trading hours on Wednesday, hitting $77.23. 1,355,833 shares of the company’s stock were exchanged, compared to its average volume of 2,120,088. The stock has a 50-day simple moving average of $86.82 and a 200 day simple moving average of $80.00. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The firm has a market cap of $72.03 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 2.29 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.15 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.63%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Jefferies Financial Group started coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 target price for the company. Barclays boosted their price target 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. Susquehanna reduced their price target on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Finally, Susquehanna Bancshares downgraded Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and cut their target price for the company from $90.00 to $87.00 in a research report on Monday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.